Choosing Between Risky Prospects: The Characterization of Comparative Statics Results, and Location Independent Risk
From MaRDI portal
Publication:3827753
DOI10.1287/MNSC.35.1.60zbMath0673.90011OpenAlexW2011089556MaRDI QIDQ3827753
Publication date: 1989
Published in: Management Science (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1287/mnsc.35.1.60
Related Items (49)
Revenues and welfare in auctions with information release ⋮ New developments on the \(L_p\)-metric between a probability distribution and its distortion ⋮ Optimality of deductible: a characterization, with application to Yaari's dual theory ⋮ NEW PROPERTIES OF THE TOTAL TIME ON TEST TRANSFORM ORDER ⋮ Co-monotone allocations, Bickel-Lehmann dispersion and the Arrow-Pratt measure of risk aversion ⋮ A general family of univariate stochastic orders ⋮ Screening risk-averse agents under moral hazard: single-crossing and the CARA case ⋮ Risk aversion in RDEU ⋮ Ordering ambiguous acts ⋮ Comparative risk aversion in RDEU with applications to optimal underwriting of securities issuance ⋮ Decreasing aversion under ambiguity ⋮ Some results for the comparison of generalized order statistics in the total time on test and excess wealth orders ⋮ Characterizations of risk aversion in cumulative prospect theory ⋮ Some stochastic comparisons of lower records and lower record spacings ⋮ Comparison of increasing directionally convex transformations of random vectors with a common copula ⋮ Characterization of left-monotone risk aversion in the RDEU model ⋮ Greater Arrow-Pratt (absolute) risk aversion of higher orders ⋮ A QUANTILE-BASED PROBABILISTIC MEAN VALUE THEOREM ⋮ Sharp bounds in the latent index selection model ⋮ Partial Ordering and Aging Properties of Order Statistics When the Sample Size is Random: A Brief Review ⋮ An economic premium principle in a multiperiod economy. ⋮ A characterization of the dilation order and its applications ⋮ Preference for safety under the Choquet model: in search of a characterization ⋮ Increasing mean inactivity time ordering: a quantile approach ⋮ Risk Perception, Risk Attitude, and Decision: A Rank-Dependent Analysis ⋮ Precautionary saving and the notion of ambiguity prudence ⋮ Some comparisons between generalized order statistics ⋮ Exact capacities and star-shaped distorted probabilities ⋮ Does risk sharing increase with risk aversion and risk when commitment is limited? ⋮ A class of location-independent variability orders, with applications ⋮ DISTORTION RISK MEASURES, AMBIGUITY AVERSION AND OPTIMAL EFFORT ⋮ Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model ⋮ Left-side relatively weak increases in risk and their comparative statics ⋮ Preservation of the location independent risk order under convolution ⋮ Excess wealth order and sample spacings ⋮ Willingness to pay for risk reduction and risk aversion without the expected utility assumption ⋮ Willingness to pay for stochastic improvements of future risk under different risk aversion ⋮ Two Variability Orders ⋮ \(L_p\)-metric under the location-independent risk ordering of random variables ⋮ On the relationship of location-independent riskier order to the usual stochastic order ⋮ Aging notions, stochastic orders, and expected utilities ⋮ Generalized total time on test transform for weighted variables, properties and applications ⋮ Communication in the shadow of catastrophe ⋮ On a characterization of right spread order by the increasing convex order ⋮ Prevention efforts, insurance demand and price incentives under coherent risk measures ⋮ The comparative statics on asset prices based on bull and bear market measure ⋮ INFLATION EXPECTATIONS AND BEHAVIOR: DO SURVEY RESPONDENTS ACT ON THEIR BELIEFS? ⋮ Mean-risk analysis of risk aversion and wealth effects on optimal portfolios with multiple investment opportunities ⋮ Lorenz and Excess Wealth Orders, with Applications in Reinsurance Theory
This page was built for publication: Choosing Between Risky Prospects: The Characterization of Comparative Statics Results, and Location Independent Risk