Incremental Evaluation of Risky Choices
作者:
LioukasS. K.,
MooreP. G.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1983)
卷期:
Volume 34,
issue 5
页码: 413-418
ISSN:0160-5682
年代: 1983
DOI:10.1057/jors.1983.93
出版商: Taylor&Francis
关键词: Utility;Choices Under Uncertainty;Zero-Base Evaluation;Incremental Evaluation;Risk Aversion
数据来源: Taylor
摘要:
AbstractThis paper compares the incremental method of valuation and its possible effects on choices analysed through utility theory with similar zero-base valuations. Analysis shows how biases can arise using incremental valuations in situations with decreasing risk aversion. This could be important in certain circumstances, e.g. delegated decision-making in cases where the total value of an organisation is unknown to the decision-maker or difficult to quantify.
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