An Operational Measure of Riskiness
We 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.
|Date of creation:||Jun 2007|
|Date of revision:|
|Publication status:||Published in Journal of Political Economy 117 (2009), 5, 785-814|
|Contact details of provider:|| Postal: |
Web page: http://www.ratio.huji.ac.il/
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