Apportioning of risks via stochastic dominance

DOI10.1016/J.JET.2008.11.005zbMath1160.91322OpenAlexW3121428746MaRDI QIDQ1017779

Ilia Tsetlin, Harris Schlesinger, Louis R. Eeckhoudt

Publication date: 12 May 2009

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://www.cesifo.org/DocDL/cesifo1_wp2467.pdf

zbMATH Keywords

prudencerisk aversionstochastic dominancedownside riskrisk apportionmenttemperanceprecautionary effects

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items (35)

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Cites Work

• Stochastic dominance and mean-variance measures of profit and loss for business planning and investment
• Proper prudence, standard prudence and precautionary vulnerability
• Increasing outer risk
• On the precautionary motive for savings and prudence in the rank-dependent utility framework
• Violations of Cumulative Prospect Theory in Mixed Gambles with Moderate Probabilities
• Proper Risk Aversion
• A Class of Utility Functions Containing all the Common Utility Functions
• Risk Vulnerability and the Tempering Effect of Background Risk
• The Efficiency Analysis of Choices Involving Risk

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