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
Recommended Citation
Plazo, Imelda T., "The decision rules for single risk under some decision maker's utility functions" (1991). Undergraduate Theses. 10109.
https://www.ukdr.uplb.edu.ph/etd-undergrad/10109
Document Type
Thesis