Fear of loss, inframodularity, and transfers (Q435911): Difference between revisions
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Revision as of 21:51, 19 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Fear of loss, inframodularity, and transfers |
scientific article |
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Fear of loss, inframodularity, and transfers (English)
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13 July 2012
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The authors define the concept of an inframodular multivariate function, which is a natural generalization of concavity for multivariate functions. Further, the concept of inframodular transfers is defined and used for the characterization of decision maker's comparing finite lotteries. It is shown that a finite lottery is preferred to another by all expected utility maximizers with inframodular transfers.
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mean preserving spread
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integral stochastic orders
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risk aversion
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inframodularity
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inframodular transfers
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