Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10003852384
Persistent link: https://www.econbiz.de/10003559012
Persistent link: https://www.econbiz.de/10003856276
Persistent link: https://www.econbiz.de/10003153748
Persistent link: https://www.econbiz.de/10011806666
We present two theorems that yield necessary and sufficient conditions for first and second-degree stochastic dominance deteriorations of background risk to increase risk aversion, prudence, temperance, and all higher degrees of aversion to foreground risk. We thus complete the program initiated...
Persistent link: https://www.econbiz.de/10014058659