Rank Dependent Expected Utility: Stochastic Dominance, Risk Preference, and Certainty Equivalence

093049 (E12) Risk aversion with state-de

093049 (E12) Risk aversion with state-dependent preferences in the rank-dependent expected utility theory : Chiu H., The Geneva Papers on Risk and Insurance Theory, vol. 21, No 2, 1996, pp. 159–177

📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 90 KB

## 267 several carcinogens, these upper bounds are often summoned to estimate overall risk. This begs the question of whether a sum of upper bounds is itself a plausible estimate of overall risk. This question can be asked in two ways: whether the sum yields an improbable estimate of overall risk