@misc{Kulikowski_Roman_(1928–2017)_On_2002, author={Kulikowski, Roman (1928–2017)}, copyright={Creative Commons Attribution BY 4.0 license}, address={Warszawa}, journal={Raport Badawczy = Research Report}, howpublished={online}, year={2002}, publisher={Instytut Badań Systemowych. Polska Akademia Nauk}, publisher={Systems Research Institute. Polish Academy of Sciences}, language={eng}, abstract={The paper extends the risk management theory based on the two factors utility concept introduced by recent papers. The extension concerns the rate of return for financial as well as the human capital. The simple success – failure model is used for construction of the utility function. The utility function depends on the subjective probability, which is an explicite function of the objective probability of success. It depends also on the fear of risk quelling parameter. Using that function one can show when the utility of an unfair economic gamble or lottery can be accepted or rejected. Such an approach enables one to take into account the behavioral aspects in the decision support problems.}, title={On general theory of risk management and decision support systems}, type={Text}, URL={http://rcin.org.pl/Content/139425/PDF/RB-2002-06.pdf}, keywords={Decision support, Alokacja kapitału, Zarządzanie ryzykiem, Wsparcie decyzyjne, Risk management, Utility, Subjective probability, Allocation of capital, Diversification, Gambles, Bankruptcy, Dywersyfikacja, Bankructwo, Prawdopodobieństwo subiektywne}, }