Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10010528233
Foster and Hart propose a measure of riskiness for discrete random variables. Their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many continuous random variables, the...
Persistent link: https://www.econbiz.de/10011674068
environments for general distributions and probability spaces, and we show that the extended measure avoids bankruptcy in …
Persistent link: https://www.econbiz.de/10010342818
avoids bankruptcy in the long run. It is not time-consistent. …
Persistent link: https://www.econbiz.de/10010411555
Persistent link: https://www.econbiz.de/10011573463
Foster and Hart propose a measure of riskiness for discrete random variables. Their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many continuous random variables, the...
Persistent link: https://www.econbiz.de/10011145589
avoids bankruptcy in the long run. It is not time-consistent. …
Persistent link: https://www.econbiz.de/10010928897
Foster and Hart propose a measure of riskiness for discrete random variables. Their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many continuous random variables, the...
Persistent link: https://www.econbiz.de/10011599532
that the extended measure avoids bankruptcy in infinitely repeated gambles. …
Persistent link: https://www.econbiz.de/10010319967
avoids bankruptcy in the long run. It is not time-consistent. …
Persistent link: https://www.econbiz.de/10010427177