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  • Search: subject:"Rothschild–Stiglitz increases in risk"
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Rothschild–Stiglitz increases in risk 1 left-side strong increases in risk 1 prudence 1 strong increases in risk 1
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Kim, Iltae 1 Ryu, Suyeol 1
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Theory and Decision 1
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Left-Side strong increases in risk and their comparative statics
Ryu, Suyeol; Kim, Iltae - In: Theory and Decision 57 (2004) 1, pp. 59-68
This paper introduces a new concept of left-side strong increases in risk (L-SIR) that extends the definition of strong increases in risk (SIR). We also provide somewhat stronger restrictive set of risk-averse decision-makers with a non-negative third derivative utility (prudence) to obtain an...
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