Comparing risks with unbounded distributions
AbstractWe 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 we give new and more elegant proofs.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Mathematical Economics.
Volume (Year): 30 (1998)
Issue (Month): 2 (September)
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