Actuarial Utility and Preference Functions
The Society of Actuaries is pleased to make available a research report that introduces the concept of a preference function, which is a generalization of the utility function. The report was authored by Randall Stevenson.
The SOA would like to thank the following individuals for serving on the Project Oversight Group:
Steve Siegel, SOA Sr. Research Actuary
Barbara Scott, Sr. Research Administrator
The SOA also thanks Jim Wright for his assistance with managing this project.
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