Add to ORKGThis note determines the precise connection between an agent's attitude towards income risks and his attitude over risks in the underlying consumption space. Our results follow a general mathematical theory connecting the curvature properties of an objective function with the ray-curvature properties of its dual.risk aversion, concavity, duality
The decision-making situation under risk is defined and the certainty equivalent of a lottery with u...
The decision-making situation under risk is defined and the certainty equivalent of a lottery with u...
Risk aversion is traditionally defined in the context of lotteries over monetary payoffs. This paper...
This note determines the precise connection between an agent`s attitude towards income risks and his...
This note determines the precise connection between an agent`s attitude towards income risks and his...
This paper determines the precise connection between the curvature properties of an objective functi...
This paper determines the precise connection between the curvature properties of an objective functi...
According to the orthodox treatment of risk preferences in decision theory, they are to be explained...
In this paper, I consider a consumer with a concave utility function over n commodities and trace ou...
In this paper, I consider a consumer with a concave utility function over n commodities and trace o...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
We consider decision-makers facing a risky wealth prospect. The probability distribution depends on ...
The decision-making situation under risk is defined and the certainty equivalent of a lottery with u...
The decision-making situation under risk is defined and the certainty equivalent of a lottery with u...
Risk aversion is traditionally defined in the context of lotteries over monetary payoffs. This paper...
This note determines the precise connection between an agent`s attitude towards income risks and his...
This note determines the precise connection between an agent`s attitude towards income risks and his...
This paper determines the precise connection between the curvature properties of an objective functi...
This paper determines the precise connection between the curvature properties of an objective functi...
According to the orthodox treatment of risk preferences in decision theory, they are to be explained...
In this paper, I consider a consumer with a concave utility function over n commodities and trace ou...
In this paper, I consider a consumer with a concave utility function over n commodities and trace o...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
International audienceThis paper studies monotone risk aversion, the aversion to monotone, meanprese...
We consider decision-makers facing a risky wealth prospect. The probability distribution depends on ...
The decision-making situation under risk is defined and the certainty equivalent of a lottery with u...
The decision-making situation under risk is defined and the certainty equivalent of a lottery with u...
Risk aversion is traditionally defined in the context of lotteries over monetary payoffs. This paper...