Risk aversion in risk acceptance criteria

Technical Report · Sun Mar 01 00:00:00 EST 1981

DOI:https://doi.org/10.2172/6885641· OSTI ID:6885641

Wu-Chien, J. S.; Apostolakis, G.

The risk averse attitude that is included in some proposed risk acceptance criteria is examined. It is shown that it is a weaker attitude than risk aversion, as is commonly defined in decision theory. Consequently, the boundary curve separating acceptable and unacceptable regions does not have to be a straight line on the logarithmic frequency-consequence space. A curve of variable slope would express the same attitude as long as the slope is less than -1.

• Research Organization: California Univ., Los Angeles (USA). School of Engineering and Applied Science
• Sponsoring Organization: USDOE Office of Nuclear Energy (NE)
• DOE Contract Number: AS04-78ET35400
• OSTI ID: 6885641
• Report Number(s): ALO-136; TRN: 81-005956
• Country of Publication: United States
• Language: English

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220900* - Nuclear Reactor Technology- Reactor Safety