학술저널
Left-side Relatively Strong Increases in Risk and Their Comparative Statics
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 18 No.1
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2005.0345 - 57 (12 pages)
- 0
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This paper proposes a new concept. a left-side relatively strong increase in risk (L-RSIR) order that extends the definition of a relatively strong increase in risk (RSIR) order. We show that for the class of linear payoffs, one can obtain an appealing comparative statics result for L-RSIR shifts by imposing additional restrictions on the risk preferences of a risk-averse decision maker.
Abstract
Ⅰ. Introduction
Ⅱ. The Decision Model and Definitions
Ⅲ. Comparative Statics Analysis
Ⅳ. Conclusions
References
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