Relative uncertainty aversion and additively representable set rankings
نویسندگان
چکیده
منابع مشابه
Relative uncertainty aversion and additively representable set rankings ∗
This paper proposes a definition of relative uncertainty aversion for decision models under complete uncertainty. It is shown that, for a large class of decision rules characterized by a set of plausible axioms, the new criterion yields a complete ranking of those rules with respect to the relative degree of uncertainty aversion they represent. In addition, we address a combinatorial question t...
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ژورنال
عنوان ژورنال: International Journal of Economic Theory
سال: 2006
ISSN: 1742-7355,1742-7363
DOI: 10.1111/j.1742-7363.2006.00026.x