Showing 1 - 6 of 6
In this paper, we consider the relationship between supermodularity and risk aversion. We show that supermodularity of … derive conditions under which supermodularity of the certainty equivalent is equivalent to aversion to mean …
Persistent link: https://www.econbiz.de/10008599199
extended to generalized expected utility models using the tools of supermodularity theory. …
Persistent link: https://www.econbiz.de/10008599210
extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts … of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent …
Persistent link: https://www.econbiz.de/10005709892
In this paper, we consider the relationship between supermodularity and risk aversion. We show that supermodularity of … derive conditions under which supermodularity of the certainty equivalent is equivalent to aversion to mean …
Persistent link: https://www.econbiz.de/10010910970
extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts … of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent …
Persistent link: https://www.econbiz.de/10010910984
The implications of supermodularity for comparative-static analysis in a generalized version of the separable …
Persistent link: https://www.econbiz.de/10010910987