An Operational Measure of Riskiness

We define the riskiness of a gamble g as that unique number R(g) such that no-bankruptcy is guaranteed if and only if one never accepts gambles whose riskiness exceeds the current wealth.

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Year of publication:	2007-06
Authors:	Foster, Dean P. ; Hart, Sergiu
Institutions:	Center for the Study of Rationality, Hebrew University of Jerusalem

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Extent:	text/html
Series:	Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Political Economy 117 (2009), 5, 785-814
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005596275