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Risk Assessment and Security for Pipelines, Tunnels, and Underground Rail and Transit Operations
book

Risk Assessment and Security for Pipelines, Tunnels, and Underground Rail and Transit Operations

by Anna M. Doro-on
June 2014
Intermediate to advanced content levelIntermediate to advanced
414 pages
14h 2m
English
CRC Press
Content preview from Risk Assessment and Security for Pipelines, Tunnels, and Underground Rail and Transit Operations
176Risk Assessment and Security
showing that the dierence between probabilities of 0.99 and 1.00 has more impact
on preferences than the dierence between 0.10 and 0.11. More recent studies
observed nonlinear preferences in choices that do not involve sure things (Camerer
and Ho 1994).
4.15.3 Source Dependence
People are eager to bet on an uncertain event based on the magnitude of uncer-
tainty and on its source or cause. More recent evidence indicates that people often
prefer to bet on an event although the former probability is vague and the latter is
clear (Heath and Tversky 1991).
4.15.4 Risk Seeking
Risk aversion is immediately assumed in economic analysis of decision under uncer-
tainty. It is a behavior when a person exposed to uncer ...
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Publisher Resources

ISBN: 9781466569324