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Updated: Jul 5, 2026

Data Acquisition Protocol for Determining Embedded Sensitivity Functions
07:46

Data Acquisition Protocol for Determining Embedded Sensitivity Functions

Published on: April 20, 2016

Implied preference for seismic design level and earthquake insurance.

K Goda1, H P Hong

  • 1Department of Civil and Environmental Engineering, University of Western Ontario, London, ON, Canada.

Risk Analysis : an Official Publication of the Society for Risk Analysis
|April 19, 2008
PubMed
Summary

This study shows how cumulative prospect theory (CPT) models decision-making for seismic risk and insurance. Fair insurance leads to optimal seismic design, while unfair insurance appeals to risk-averse individuals.

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