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We characterize the classes of utility functions that are consistent with different notions of mean preserving spreads introduced in the literature. This gives rise to a unified approach and extension of some definitions of increasing risk, including the concepts of Rothschild and Stiglitz...
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We extend the characterizations of increasing risks developed by Rothschild and Stiglitz (1970) to the case of unbounded probability distributions. We also consider the related notion of increasing risk about $\nu$ introduced by Landsberger and Meilijson (1990). Moreover, for some of the results...
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