登入選單

返回Google圖書搜尋

Lattices and Lotteries in Apportioning Risk

Harris Schlesinger

出版	Univ., Center for Economic Studies, 2014
URL	http://books.google.com.hk/books?id=kvS5rQEACAAJ&hl=&source=gbs_api

註釋

Although risk aversion has been used in economic models for over 275 years, the past few decades have shown how higher order risk attitudes are also quite important. A behavioral approach to defining such risk attitudes was developed by Eeckhoudt and Schlesinger (2006), based upon simple lottery preference. This article show how the mathematics of lattice theory can be used to model these lottery preferences. In addition to modeling a simple lattice structure, I show how such lattices can be extended in order to develop a better understanding of higher order risk attitudes.