Stronger measures of higher-order risk attitudes
نویسندگان
چکیده
This paper aims to extend the results by Ross [15] and by Modica and Scarsini [13] to stochastic dominance of degree 4 and over. Specifically, it is shown that Ross’ approach can be extended to any order of risk attitude beyond the generalization proposed by Modica and Scarsini by means of sth degree increase in risk defined by Ekern [8].
منابع مشابه
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 145 شماره
صفحات -
تاریخ انتشار 2010