Risk aversion in RDEU

Various notions of risk aversion can be distinguished for the class of rank-dependent expected utility ( RDEU) preferences. We discuss the relationships amongst five of these, and describe simple (testable) characterizations in terms of elementary probability transformations for all but the weakest...

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Veröffentlicht in:	Journal of mathematical economics 2006-09, Vol.42 (6), p.675-697
1. Verfasser:	Ryan, Matthew J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Comparative analysis Economic models Economic theory Expected utility Location independent risk Mathematical economics Preferences Probability Rank-dependent expected utility Risk aversion Studies Utility measurement
Online-Zugang:	Volltext
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