The decision rules for single risk under some decision maker's utility functions

Date

3-1991

Degree

Bachelor of Science in Applied Mathematics

College

College of Arts and Sciences (CAS)

Adviser/Committee Chair

Rhodora O. dela Peña

Abstract

This paper considered the application of Utility Theory to insurance buying decision making problem involving single risk. The decision rules for risk-neutral, risk-prone and risk-averse decision makers were investigated to determine whether or not an insurance should be purchased against certain loss. The different utility functions were utilized to reflect the preference structure of a decision maker among the given actions. Thus, decision making was made possible even without the presence of any decision maker.

Language

English

Location

UPLB Main Library Special Collections Section (USCS)

Call Number

Thesis

Document Type

Thesis

This document is currently not available here.

Share

COinS