Showing 1 - 1 of 1
We show, in the Choquet expected utility model, that prefernece for diversification, that is, convex prefrences, is equivalent to a concave utility index and a convex capacity. We then introduce a weaker notion of diversification, namely "sure diversification". We show that this implies that the...
Persistent link: https://www.econbiz.de/10005776550