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Increasing risk: I. A definition

✍ Scribed by Michael Rothschild; Joseph E Stiglitz

Book ID
115963726
Publisher
Elsevier Science
Year
1970
Tongue
English
Weight
861 KB
Volume
2
Category
Article
ISSN
0022-0531

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📜 SIMILAR VOLUMES

Increasing uncertainty: a definition
Increasing uncertainty: a definition
✍ Simon Grant; John Quiggin 📂 Article 📅 2005 🏛 Elsevier Science 🌐 English ⚖ 236 KB

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)