Fear of loss, inframodularity, and transfers

DOI10.1016/J.JET.2011.02.002MaRDI QIDQ435911zbMATHOpenAlexFDO

Authors Alfred Müller, Marco Scarsini

Publication date 13 July 2012

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

Full work available at URL https://doi.org/10.1016/j.jet.2011.02.002

zbMATH Keywords

risk aversionmean preserving spreadinframodular transfersinframodularityintegral stochastic orders

Mathematics Subject Classification ID

Utility theory (91B16)

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Cites work

• scientific article; zbMATH DE number 3870293 (Why is no real title available?)
• scientific article; zbMATH DE number 124432 (Why is no real title available?)
• scientific article; zbMATH DE number 3288812 (Why is no real title available?)
• Comparison methods for stochastic models and risks
• Fusions of a probability distribution
• Hessian orders and multinormal distributions
• Increasing risk: Some direct constructions
• Inequalities for distributions with given marginals
• Many good risks: An interpretation of multivariate risk and risk aversion without the independence axiom
• On the basic representation theorem for convex domination of measures
• Orderings of risks: A comparative study via stop-loss transforms
• Stochastic Comparison of Random Vectors with a Common Copula
• Stochastic orders
• Ultramodular Functions

Cited in

(14)

• Copula-based measurement of interdependence for discrete distributions
• Multidimensional inequality and inframodular order
• Introduction to inequality and risk
• Multidimensional Pigou-Dalton transfers and social evaluation functions
• From unidimensional to multidimensional inequality: a review
• Submodular financial markets with frictions
• Financial risk taking in the presence of correlated non-financial background risk
• Nash equilibrium uniqueness in nice games with isotone best replies
• Duality theory and transfers for stochastic order relations
• Ranking distributions of an ordinal variable
• Multidimensional risk aversion: the cardinal sin
• A model of social welfare improving transfers
• Increasing directionally convex orderings of random vectors having the same copula, and their use in comparing ordered data
• Ethically robust comparisons of bidimensional distributions with an ordinal attribute

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