Risk apportionment and multiply monotone targets
Michel M. Denuit
Mathematical Social Sciences, 2018, vol. 92, issue C, 74-77
Abstract:
This short note proposes a new interpretation of risk apportionment, in the target-oriented decision-making model. It is shown that these risk attitudes translate into smaller targets, expressing the decision maker’s conservative behavior.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:92:y:2018:i:c:p:74-77
DOI: 10.1016/j.mathsocsci.2017.09.008
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