A wealth-requirement axiomatization of riskiness

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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Year of publication:	2013
Authors:	Hart, Sergiu ; Foster, Dean P.
Published in:	Theoretical Economics. - New Haven, CT : The Econometric Society, ISSN 1555-7561. - Vol. 8.2013, 2, p. 591-620
Publisher:	New Haven, CT : The Econometric Society
Subject:	Riskiness \| gamble \| risky asset \| reserve \| wealth

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3982/TE1150 [DOI] 894195166 [GVK] hdl:10419/150201 [Handle] RePEc:the:publsh:1150 [RePEc]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; G00 - Financial Economics. General ; G32 - Financing Policy; Capital and Ownership Structure
Source:	EconStor

Persistent link: https://www.econbiz.de/10011599492