科研之友
微信
新浪微博
Facebook
分享链接
摘要
Within economic literature random outcomes can be characterized by their certainty equivalents. In this article, a general approach for their extension is first outlined and then special cases are shown. The two most simple of these cases result in the classical formula of certainty equivalent, and by increasing the degree of the approximating Taylor polynomials, more advanced formulas are derived. Additionally, a simple advanced formula is compared favorably to the classical approach in a computer study and some application models are discussed to illustrate the methodology.
- 出版日期2016
