Supermodularity and risk aversion

DOI10.1016/J.MATHSOCSCI.2006.05.002zbMATH Open1141.91546OpenAlexW2166866933MaRDI QIDQ855751FDOQ855751

Authors: J. Quiggin, Robert G. Chambers 

Publication date: 7 December 2006

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: http://ageconsearch.umn.edu/record/151161

Recommendations

• Supermodularity and the comparative statics of risk
• Supermodularity and preferences
• Notes on supermodularity and increasing differences in expected utility
• Risk aversion for nonsmooth utility functions
• Proper Risk Aversion

zbMATH Keywords

risk aversionsupermodularitySchur concavity

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08) Consumer behavior, demand theory (91B42)

Cites Work

• The Dual Theory of Choice under Risk
• Inequalities: theory of majorization and its applications
• Multivariate arrangement increasing functions with applications in probability and statistics
• Monotone Comparative Statics under Uncertainty
• Temporal risk and the nature of induced preferences
• A Schur concave characterization of risk aversion for non-expected utility preferences
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Risk premiums and benefit measures for generalized-expected-utility theories
• Determining merged relative scores

Cited In (6)

• Would you prefer your retirement income to depend on your life expectancy?
• On representations of 2-increasing binary aggregation functions
• Supermodularity and the comparative statics of risk
• Supermodularity and preferences
• Notes on supermodularity and increasing differences in expected utility
• Infinite supermodularity and preferences

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