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integrating risk profiling in decision support tools

The research project objective is to quantify the risk attitude of decision makers using experimental economics. This risk profile is then validated with the observed choice of decistion makers. A validated risk profile can finally be used in decision support tools that endogenously take risk, uncertainty and variation into account including the personal risk attitude of the decision maker.

Date:1 Jan 2013 →  31 Mar 2018
Keywords:choice experiment, risk, decision support
Disciplines:Applied economics