Project

integrating risk profiling in decision support tools

Code
01N02413
Duration
01 January 2013 → 31 March 2018
Funding
Regional and community funding: Special Research Fund
Research disciplines
  • Social sciences
    • Applied economics
Keywords
choice experiment risk decision support
 
Project description

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.