Fear of loss, inframodularity, and transfers

DOI10.1016/J.JET.2011.02.002zbMATH Open1247.91062OpenAlexW1982966144MaRDI QIDQ435911FDOQ435911

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

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zbMATH Keywords

risk aversionmean preserving spreadinframodular transfersinframodularityintegral stochastic orders

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• Comparison methods for stochastic models and risks
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• Stochastic orders
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• Hessian orders and multinormal distributions
• Fusions of a probability distribution
• Orderings of risks: A comparative study via stop-loss transforms
• Inequalities for distributions with given marginals
• Stochastic Comparison of Random Vectors with a Common Copula
• Ultramodular Functions
• 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
• Increasing risk: Some direct constructions
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Cited In (14)

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

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