Browsing by Subject "expected utility"

Now showing items 1-2 of 2

    • Analytical foundations of physical security system assessment 
      Graves, Gregory Howard (Texas A&M University, 2006-10-30)
      Physical security systems are intended to prevent or mitigate potentially catastrophic loss of property or life. Decisions regarding the selection of one system or configuration of resources over another may be viewed as ...
    • Portfolio Choice in the Model of Expected Utility with a Safety-First Component 
      Jansen, Dennis W.; Liu, Liqun (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-10-14)
      Whereas the majority of economists interpret risk as dispersion or variation in an outcome variable, many everyday decision makers tend to associate risk with the outcome failing to meet a certain “safety� level. In ...