Search Results - subject:"Translation invariance"

Polarisation and poverty reduction in Africa : the devil is in the choice of equivalence relation

Partridge, Fraser C. - 2021

Persistent link: https://www.econbiz.de/10012429888

Mean-dispersion preferences with a specific dispersion function

Schneider, Mark; Nunez, Manuel - 2016

Persistent link: https://www.econbiz.de/10011486366

Entropy Coherent and Entropy Convex Measures of Risk

Stadje, Mitja; Laeven, R.J.A. - Tilburg University, Center for Economic Research - 2011

We introduce two subclasses of convex measures of risk, referred to as entropy coherent and entropy convex measures of risk. We prove that convex, entropy convex and entropy coherent measures of risk emerge as certainty equivalents under variational, homothetic and multiple priors preferences,...

Persistent link: https://www.econbiz.de/10011091991

Mean-Dispersion Preferences and Constant Absolute Uncertainty Aversion

Grant, Simon; Polak, Ben - Cowles Foundation for Research in Economics, Yale University - 2011

We axiomatize, in an Anscombe-Aumann framework, the class of preferences that admit a representation of the form V(f) = mu - rho(d), where mu is the mean utility of the act f with respect to a given probability, d is the vector of state-by-state utility deviations from the mean, and rho(d) is a...

Persistent link: https://www.econbiz.de/10009644449

On the extension of a preorder under translation invariance

Mabrouk, Mohamed - Volkswirtschaftliche Fakultät, … - 2009

This paper proves the existence, for any preorder on a real vector space satisfying translation invariance, of a … complete preorder extending the preorder and satisfying translation invariance. As application, the existence of a translation …

Persistent link: https://www.econbiz.de/10004992031

The Class of Absolute Decomposable Inequality Measures

Bosmans, Kristof; Cowell, Frank A - Suntory and Toyota International Centres for Economics … - 2009

differentiable. Keywords: inequality measures, decomposability, translation invariance JEL codes: D63, H20, H21 … inequality measure is this: Translation invariance. For every x ∈X1 and any real number δ, I(x) = I(x+δ1n). (1) Finally, the … satisfies anonymity, the transfer principle, replication invariance, decomposability and translation invariance if and only if …

Persistent link: https://www.econbiz.de/10008838704

Translation invariance when utility streams are infinite and unbounded

Mabrouk, Mohamed B.R. - Volkswirtschaftliche Fakultät, … - 2008

The axiom translation invariance consists in asserting the invariance of the ranking of two utility streams if one …

Persistent link: https://www.econbiz.de/10008544695

Translation invariance when utility streams are infinite and unbounded

Mabrouk, Mohamed - Volkswirtschaftliche Fakultät, … - 2008

The axiom translation invariance consists in asserting the invariance of the ranking of two utility streams if one …

Persistent link: https://www.econbiz.de/10008549594

“Leftist”, “Rightist” and Intermediate Decompositions of Poverty: Variations with an Application to China from 1990 to 2003

Bresson, Florent; Labar, Kelly - Society for the Study of Economic Inequality - ECINEQ - 2007

This paper investigates the influence of invariance axioms in the decomposition of observed poverty variations into growth and inequality effects. After a complete and critical review of the invariance axioms suggested in the literature, we show that few information is needed for the ordering of...

Persistent link: https://www.econbiz.de/10005413418