Fear of loss, inframodularity, and transfers (Q435911)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Fear of loss, inframodularity, and transfers |
scientific article; zbMATH DE number 6055201
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Fear of loss, inframodularity, and transfers |
scientific article; zbMATH DE number 6055201 |
Statements
Fear of loss, inframodularity, and transfers (English)
0 references
13 July 2012
0 references
The authors define the concept of an inframodular multivariate function, which is a natural generalization of concavity for multivariate functions. Further, the concept of inframodular transfers is defined and used for the characterization of decision maker's comparing finite lotteries. It is shown that a finite lottery is preferred to another by all expected utility maximizers with inframodular transfers.
0 references
mean preserving spread
0 references
integral stochastic orders
0 references
risk aversion
0 references
inframodularity
0 references
inframodular transfers
0 references
0 references
