Methodological Approaches to Decision-Making on the Basis of Aumann and Serrano’s Economic Index of Riskiness |
Author: Fyodor Ya. Legotin, Dr. Sc. (Ec.), Prof. of Enterprises Economics Dept; Sergey V. Voronin, postgraduate of Enterprises Economics Dept. Abstract: The paper gives practical recommendations on application of Aumann and Serrano’s economic index of riskiness. Key words: risk; index of riskiness; damage; income; utility; utility function. |