Probabilistic choice and stochastic dominance
نویسندگان
چکیده
منابع مشابه
Probabilistic Choice and Stochastic Dominance
April 2008 Abstract This paper presents an axiomatic model of probabilistic choice under risk. In this model, when it comes to choosing one lottery over another, each alternative has a chance of being selected, unless one lottery stochastically dominates the other. An individual behaves as if he compares lotteries to a reference lottery—a least upper bound or a greatest lower bound in terms of ...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2010
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-010-0581-7