Risk attitude and metric Bernoulli-decision-rule

The paper is based on the metric Bernoulli-decision-rule developed by Reichel. Under certain conditions, this principle defines preference orderings of ‘probability games’ and support decisions in evaluating economic processes. The statements examine the connection between ‘risk parameters’ (a1,a2) resulting from the basis model and risk attitudes well known from literature. The results permit-at least-a qualitative description o risk preferences using the risk parameters (a1,a2) and eludicate the practicability of metric Bernoulli-decision-rule mentioned in other papers.