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Persistent link: https://www.econbiz.de/10014553315
It is well-known that various criteria for comparing aversion to real-outcome risks are equivalent. Some of this theory has been extended to Euclidean-outcome risks. We extend it further by:(a) filling the conceptual gaps, most notably by providing a criterion using our generalized Arrow-Pratt...
Persistent link: https://www.econbiz.de/10012999425