Li, Minqiang - In: Cogent economics & finance 2 (2014) 1, pp. 1-5
We study Aumann and Serrano's (2008) risk index for sums of gambles that are not dependent. If the dependent parts are … similarly ordered, then the risk index of the sum is always larger than the minimum of the risk indices of the two gambles. For … negative dependence, the risk index of the sum is always smaller than the maximum. The above results agree with our intuitions …