Citation

Wu-Chien JS, Apostolakis G. Reliab. Eng. 1981; 2(1): 45-52.

Copyright

(Copyright © 1981, Elsevier Publishing)

DOI

10.1016/0143-8174(81)90028-7

PMID

unavailable

Abstract

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 spacr. A curve of variable slope would express the same attitude as long as the slope is less than -- 1.