Stochastic dominance representation of optimistic belief: Theory and applications
This note gives a stochastic dominance representation of more optimistic belief in rank dependent expected utility. Applying this observation, we can demonstrate the effect of more optimistic belief on economic decisions and equilibria under risk making comparative static analysis.
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| Veröffentlicht in: | Economics letters 2008-12, Vol.101 (3), p.275-278 |
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| container_end_page | 278 |
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| container_issue | 3 |
| container_start_page | 275 |
| container_title | Economics letters |
| container_volume | 101 |
| creator | Osaki, Yusuke Quiggin, John |
| description | This note gives a stochastic dominance representation of more optimistic belief in rank dependent expected utility. Applying this observation, we can demonstrate the effect of more optimistic belief on economic decisions and equilibria under risk making comparative static analysis. |
| doi_str_mv | 10.1016/j.econlet.2008.09.005 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0165-1765 |
| ispartof | Economics letters, 2008-12, Vol.101 (3), p.275-278 |
| issn | 0165-1765 1873-7374 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37103337 |
| source | RePEc; Elsevier ScienceDirect Journals |
| subjects | Comparative statics Comparative statics Optimistic belief Rank dependent expected utility Stochastic dominance Optimistic belief Rank dependent expected utility Risk Stochastic dominance Stochastic processes Utility theory |
| title | Stochastic dominance representation of optimistic belief: Theory and applications |
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