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- W2078483470 abstract "We extend the characterization of the left-monotone risk aversion developed by Ryan (2006) to the case of unbounded random variables. The notion of weak convergence is insufficient for such an extension. It requires the solution of a host of delicate convergence problems. To this end, some further intrinsic properties of the location independent risk order are investigated. The characterization of the right-monotone risk aversion for unbounded random variables is also mentioned. Moreover, we remove the gap in the proof of the main result in Ryan (2006)." @default.
- W2078483470 created "2016-06-24" @default.
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- W2078483470 date "2012-05-01" @default.
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- W2078483470 title "Characterization of left-monotone risk aversion in the RDEU model" @default.
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- W2078483470 doi "https://doi.org/10.1016/j.insmatheco.2012.02.003" @default.
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