A characterization of the optimal certainty equivalent of the average cost via the Arrow-Pratt sensitivity function
Rolando Cavazos-Cadena (Departamento de Estadística y Cálculo, Universidad Autónoma Agraria Antonio Narro, Buenavista, Saltillo, México), Daniel Hernández-Hernández (Centro de Investigación en Matemáticas, Guanajuato, México)
| Year of publication: |
February 2016
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|---|---|
| Authors: | Cavazos-Cadena, Rolando ; Hernández Hernández, Daniel |
| Published in: |
Mathematics of operations research. - Catonsville, MD : INFORMS, ISSN 0364-765X, ZDB-ID 195683-8. - Vol. 41.2016, 1, p. 224-235
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| Subject: | Arrow-Pratt risk sensitivity | regular utility | continuity of exponential average costs | monotonicity of certainty equivalents with respect to the Arrow-Pratt function | Theorie | Theory | Risikoaversion | Risk aversion | Nutzenfunktion | Utility function | Risiko | Risk | Entscheidung unter Risiko | Decision under risk | Nutzen | Utility |
| Type of publication: | Article |
|---|---|
| Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
| Language: | English |
| Other identifiers: | 10.1287/moor.2015.0723 [DOI] |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011448358