DENUIT, Michel M.; EECKHOUDT, Louis; MENEGATTI, Mario - Center for Operations Research and Econometrics (CORE), … - 2009
stochastic dominance, precautionary
savings, background risk, dependence … relation accounts
for both marginal changes and modifications in the dependence structure. Specifically, we
show that the … independent, let us allow for some kinds
of dependence between X and H. Indeed, in general, it seems reasonable to believe that …