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- W2078245660 abstract "This note gives the conditions on preferences to guarantee the monotonicity of asset prices when the payoffs of the risky asset change in the sense of the Nth stochastic dominance and with an Nth degree increase in risk. Those conditions are expressed in terms of the sign of the successive derivatives of the utility function coupled with the relative risk aversion of higher orders less than their benchmark values." @default.
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- W2078245660 date "2013-01-01" @default.
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- W2078245660 title "Monotonicity of asset price toward higher changes in risk" @default.
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- W2078245660 doi "https://doi.org/10.1016/j.econlet.2012.09.018" @default.
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