Testing for risk aversion: A stochastic dominance approach

DOI10.1016/S0165-1765(01)00377-9zbMath0981.91048OpenAlexW2074419461MaRDI QIDQ5941023

Haim Levy, Moshe Levy

Publication date: 20 August 2001

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1765(01)00377-9

zbMATH Keywords

decision-making under uncertaintyrisk-aversionstochastic dominance

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items (4)

A universal, canonical dispersive ordering in metric spaces ⋮ Utility analysis, luxuries and risk ⋮ Stochastic dominance and statistical preference for random variables coupled by an Archimedean copula or by the Fréchet-Hoeffding upper bound ⋮ Interpretation of Statistical Preference in Terms of Location Parameters

Cites Work

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• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Risk Aversion in the Small and in the Large
• The Efficiency Analysis of Choices Involving Risk
• Friedman-Savage Utility Functions Consistent with Risk Aversion

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