We present a definition of increasing uncertainty, in which an elementary increase in the uncertainty of any act corresponds to the addition of an delementary betT that increases consumption by a fixed amount in (relatively) dgoodT states and decreases consumption by a fixed (and possibly different)
β¦ LIBER β¦
A Definition of Uncertainty Aversion
β Scribed by Epstein, Larry G.
- Book ID
- 108533871
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 190 KB
- Volume
- 66
- Category
- Article
- ISSN
- 0034-6527
No coin nor oath required. For personal study only.
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