Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model

Abstract

Abstract :This article presents various notions of risk generated by the intuitively appealing single-crossing operations between distribution functions. These stochastic orders, Bickel & Lehmann dispersion or (its equal-mean version) Quiggin’s monotone mean-preserving increase in risk and Jewitt’s location-independent risk, have proved to be useful in the… (More)

Topics

Figures and Tables

Sorry, we couldn't extract any figures or tables for this paper.

Slides referencing similar topics