Incertidumbre: enfoque media - varianza, dominancia estocástica, manejo de riesgos y riesgo no soportable
Uncertainty: approach media - variance, stochastic dominance, risk management and risk unsupportable
Eloy Ávalos ()
MPRA Paper from University Library of Munich, Germany
This paper will develop the half variance approach,identifying the expected utility functions that can be expressed in terms of the expected value and standard deviation. We study the stochastic dominance to determine the conditions required by the ordering of lotteries when they are probability distribution functions. Then we will see the choice of goods and contingent assets. Finally, we discuss the model of Hicks and lexicographic ordering for measurable risks but supportable.
Keywords: Probabilidades; dominancia estocástica; media; varianza; activos contingentes; riesgo no soportable (search for similar items in EconPapers)
JEL-codes: D81 D80 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:42342
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