A wealth-requirement axiomatization of riskiness

, P. () and , ()
Additional contact information
, P.: Department of Statistics, Wharton, University of Pennsylvania
,: Center for Rationality, Hebrew University of Jerusalem
Authors registered in the RePEc Author Service: Sergiu Hart

Theoretical Economics, 2013, vol. 8, issue 2

Abstract: We provide an axiomatic characterization of the measure of riskiness of gambles (risky assets) introduced by Foster and Hart (2009). The axioms are based on the concept of "wealth requirement."

Keywords: Riskiness; gamble; risky asset; reserve; wealth (search for similar items in EconPapers)
JEL-codes: D81 G00 G32 (search for similar items in EconPapers)
Date: 2013-05-17
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: A Wealth-Requirement Axiomatization of Riskiness (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:the:publsh:1150

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