A wealth-requirement axiomatization of riskiness
Dean P. Foster, Sergiu Hart
| Year of publication: |
May 2013
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|---|---|
| Authors: | Foster, Dean P. ; Hart, Sergiu |
| Published in: |
Theoretical economics : TE ; an open access journal in economic theory. - Toronto : [Verlag nicht ermittelbar], ISSN 1555-7561, ZDB-ID 2220447-7. - Vol. 8.2013, 2, p. 591-620
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| Subject: | Riskiness | gamble | risky asset | reserve | wealth | Theorie | Theory | Vermögen | Wealth | Risiko | Risk | Entscheidung unter Risiko | Decision under risk | Glücksspiel | Gambling | Messung | Measurement | Portfolio-Management | Portfolio selection |
| Description of contents: |
We provide an axiomatic characterization of the measure of riskiness of gambles (risky assets) introduced by Foster and Hart (2009). The axioms are based on the concept of "wealth requirement."
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freely available
| Type of publication: | Article |
|---|---|
| Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
| Language: | English |
| Other identifiers: | 10.3982/TE1150 [DOI] 10.3982/TE1648 [DOI] hdl:10419/150201 [Handle] |
| Classification: | D81 - Criteria for Decision-Making under Risk and Uncertainty ; G00 - Financial Economics. General ; G32 - Financing Policy; Capital and Ownership Structure |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011686657