Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10009542257
Persistent link: https://www.econbiz.de/10015415630
We extend the characterization of the left-monotone risk aversion developed by Ryan (2006) to the case of unbounded random variables. The notion of weak convergence is insufficient for such an extension. It requires the solution of a host of delicate convergence problems. To this end, some...
Persistent link: https://www.econbiz.de/10011046644