Left-side Relatively Weak Increases in Risk and Their Comparative Statics

被引：0
|
作者：
Suyeol Ryu
Iltae Kim
机构：
[1] Busan Development Institute,Department of Economics and Management Research Institute
[2] Chonnam National University,undefined
来源：
Journal of Economics | 2004年 / 83卷
关键词：
left-side relatively weak increases in risk; relatively weak increases in risk;
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学科分类号：
摘要：
This paper proposes a new concept, a left-side relatively weak increase in risk (L-RWIR) order, that extends the definition of a relatively weak increase in risk (RWIR) order. We show that, for the class of linear payoffs, one can obtain an appealing comparative statics result for L-RWIR shifts imposing additional restrictions on risk preferences of a risk-averse decision maker.
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页码：85 / 94
页数：9
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