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THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS

Yıl 2019, Cilt: 3 Sayı: 3, 491 - 500, 24.11.2019
https://doi.org/10.30692/sisad.611263

Öz

When the issues in economics are analyzed
deeply, the notion of utility is seen at the heart. As an important concept
utility research has stayed popular so far. There are several research
examining utility from different perspectives. 



One of the important topics that utility is
associated with is risk preferences. Utility perception deviates from what
economic theory predicts when it comes to make a choice among alternatives involving
risk. Besides utility perception and risk preferences variate if the
alternative is a monetary gain or a monetary loss violating principal rules on
utility maximization.



This study presents a detailed outlook of the
concept of utility within the context of attitudes towards risk. It aims to
explain that utility consideration differentiates according to the parameters
of the situation rather than to the mathematical expected value calculation
referring to the St. Petersburg Paradox.

Kaynakça

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Toplam 1 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm İKTİSAT-İŞLETME-FİNANS-PAZARLAMA-ULUSLARARASI İLŞ.
Yazarlar

Gelengül Koçaslan

Yayımlanma Tarihi 24 Kasım 2019
Gönderilme Tarihi 26 Ağustos 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 3 Sayı: 3

Kaynak Göster

APA Koçaslan, G. (2019). THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS. Stratejik Ve Sosyal Araştırmalar Dergisi, 3(3), 491-500. https://doi.org/10.30692/sisad.611263
AMA Koçaslan G. THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS. SSAD. Kasım 2019;3(3):491-500. doi:10.30692/sisad.611263
Chicago Koçaslan, Gelengül. “THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS”. Stratejik Ve Sosyal Araştırmalar Dergisi 3, sy. 3 (Kasım 2019): 491-500. https://doi.org/10.30692/sisad.611263.
EndNote Koçaslan G (01 Kasım 2019) THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS. Stratejik ve Sosyal Araştırmalar Dergisi 3 3 491–500.
IEEE G. Koçaslan, “THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS”, SSAD, c. 3, sy. 3, ss. 491–500, 2019, doi: 10.30692/sisad.611263.
ISNAD Koçaslan, Gelengül. “THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS”. Stratejik ve Sosyal Araştırmalar Dergisi 3/3 (Kasım 2019), 491-500. https://doi.org/10.30692/sisad.611263.
JAMA Koçaslan G. THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS. SSAD. 2019;3:491–500.
MLA Koçaslan, Gelengül. “THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS”. Stratejik Ve Sosyal Araştırmalar Dergisi, c. 3, sy. 3, 2019, ss. 491-00, doi:10.30692/sisad.611263.
Vancouver Koçaslan G. THE RELATIONSHIP BETWEEN UTILITY AND RISK: EXAMPLES FROM ECONOMICS. SSAD. 2019;3(3):491-500.

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