A Ratio Criterion for Signing the Effects of an Increase in Uncertainty

DOI10.2307/2526552zbMath0679.90006OpenAlexW2079858169MaRDI QIDQ4729588

George Bulkley, J. M. Black

Publication date: 1989

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526552

zbMATH Keywords

expected utilityrisk aversiondecision under risk

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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Restricted increases in risk aversion and their application ⋮ The Subclasses of First-Degree Stochastic Dominance (FSD) Shifts and Their Comparative Statics ⋮ The Subclasses of Rothschild and Stiglitz (R-S) Increases in Risk and Their Comparative Statics ⋮ Some Relationships Among FSD Shifts and R-S Increases in Risk ⋮ Pessimistic portfolio choice with one safe and one risky asset and right monotone probability difference order ⋮ Increases in risk and deductible insurance ⋮ Portfolio choice under noisy asset returns ⋮ Testing for central dominance: method and application ⋮ Production under uncertainty with insurance or hedging ⋮ Left-side strong increases in risk and their comparative statics ⋮ A model of comparative statics for changes in stochastic returns with dependent risky assets ⋮ Relatively weak increases in risk and their comparative statics ⋮ Comparative statics predictions for the cross-effects of central dominance changes in risk with quasilinear payoffs ⋮ Portfolio choice for increases in risk and prudence revisited

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