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- W974326544 abstract "The paper extends the risk management theory based on the two factors utility concept introduced by Kulikowski [5], [6]. The extension concerns, in particular, the rate of return for financial as well as the human capital. The simple success - failure model is used for construction of the utility function. The utility function depends on the subjective probability, which is an explicite function of the objective probability of success. It depends also on the fear of risk quelling parameter. Using that function one can show when the utility of an unfair economic gamble or lottery can be accepted or rejected. Such an approach enables one to take into account the behavioural aspects in the decision support problems." @default.
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- W974326544 date "2003-01-01" @default.
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- W974326544 title "On general theory of risk management and decision support systems" @default.
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