Chateauneuf, A.; Lakhnati, G. - Institut de Préparation à l'Administration et à la … - 2014
In this paper, we examine the eect of a decrease in risk on the demand for risky asset in the standard portfolio problem. We introduce a new class of dominance, that we name relative order and we prove that this class of dominance is consistent both with central dominance introduced by Gollier...