A separation theorem for the weak s-convex orders

The present paper extends to higher degrees the well-known separation theorem decomposing a shift in the increasing convex order into a combination of a shift in the usual stochastic order followed by another shift in the convex order. An application in decision making under risk is provided to illustrate the interest of the result.

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Year of publication:	2014
Authors:	Denuit, Michel ; Liu, Liqun ; Meyer, Jack
Published in:	Insurance: Mathematics and Economics. - Elsevier, ISSN 0167-6687. - Vol. 59.2014, C, p. 279-284
Publisher:	Elsevier
Subject:	Integrated right and left tails \| Upper and lower partial moments \| Stationary excess operator \| Khinchine representation \| Risk increase \| Risk aversion

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011116648