Brachinger, H. Weber, M. 1997 The concept of risk is essential to many problems in economics and business. Usually, risk is treated in the traditional expected utility framework where it is defined only indirectly through the shape of the utility function. The purpose of utility functions, however, is to model preferences. In this paper, we review those approaches which directly model risk judgements. After a short review of naive risk measures used in earlier economic literature, we present recent theoretical and empirical developments application/pdf https://sonar.ch/global/documents/306855 eng info:eu-repo/semantics/altIdentifier/doi/10.1007/BF01539781 info:eu-repo/semantics/openAccess License undefined, Springer-Verlag, 1997 Operations-Research-Spektrum. - Springer-Verlag. - 1997, vol. 19, no. 4, p. 235-250 info:eu-repo/classification/udc/004 Risk as a primitive: A survey of measures of perceived risk http://purl.org/coar/resource_type/c_6501