Denuit, Michel; Eeckhoudt, Louis; Menegatti, Mario - Center for Operations Research and Econometrics … - 2009
In this paper, we consider a décision-maker facing a financial risk flanked by a backgroundrisk, possibly non …-financial, such as health or environmental risk. A decision has to be madeabout the amount of an investment (in the financial … the bivariate increasing concave dominance rules of higherdegrees which express the common preferences of all the decision …