An Operational Measure of Riskiness
AbstractWe define the riskiness of a gamble g as that unique number R(g) such that no-bankruptcy is guaranteed if and only if one never accepts gambles whose riskiness exceeds the current wealth.
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Bibliographic InfoPaper provided by UCLA Department of Economics in its series Levine's Bibliography with number 843644000000000095.
Date of creation: 22 Jul 2007
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Other versions of this item:
- Dean P. Foster & Sergiu Hart, 2009. "An Operational Measure of Riskiness," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 117(5), pages 785 - 814.
- Dean P. Foster & Sergiu Hart, 2007. "An Operational Measure of Riskiness," Discussion Paper Series, The Center for the Study of Rationality, Hebrew University, Jerusalem dp454, The Center for the Study of Rationality, Hebrew University, Jerusalem.
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