In the traditional treatment, risk situations are modeled by random variables. This chapter focuses on risk situations described by fuzzy numbers. The first goal of the chapter is to define and characterize possibilistic risk aversion and study some of its indicators. The second goal is the study of two possibilistic models of risk management: a coinsurance problem and an investment portfolio problem.
CITATION STYLE
Georgescu, I., Kinnunen, J., & Lucia-Casademunt, A. M. (2015). Possibilistic models of risk management. Intelligent Systems Reference Library, 87, 21–44. https://doi.org/10.1007/978-3-319-17906-3_2
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