A portfolio of risk measures

A comprehensive set of 16 measures of willingness to take risks has been developed, separated into 3 categories: measures from standardized risky situations having an underlying theory of risk, measures inferred from revealed choices in financial decisions, & measures derived from attitudes. Que...

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Veröffentlicht in:	Theory and decision 1985-07, Vol.19 (1), p.1-29
Hauptverfasser:	MACCRIMMON, K. R, WEHRUNG, D. A
Format:	Artikel
Sprache:	eng
Schlagworte:	Applied sciences Decision theory. Utility theory Exact sciences and technology Executives Measurement Operational research and scientific management Operational research. Management science Risk
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	A comprehensive set of 16 measures of willingness to take risks has been developed, separated into 3 categories: measures from standardized risky situations having an underlying theory of risk, measures inferred from revealed choices in financial decisions, & measures derived from attitudes. Questionnaire data from 500+ US & Canadian top-level business executives show significant relationships within categories, but relatively few relationships across categories. Context differences, especially personal vs business situations & opportunities vs threats, underlie the responses. 4 Figures, 42 References. Modified HA
ISSN:	0040-5833 1573-7187
DOI:	10.1007/BF00134352