Risk and Uncertainty Aversion with Multidimensional Consequences
نویسنده
چکیده
In a preceding paper (Montesano, 1999b) a systematic set of definitions on risk and uncertainty aversion was introduced with regard to unidimensional lotteries and acts. Taking into account only the preference preordering over the set of all possible lotteries and acts represented by the certainty equivalent function, many propositions were introduced and demostrated on global and local risk and uncertainty aversion, comparative risk and uncertainty aversion, and aversion to increasing risk and uncertainty.
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