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Increases in risk and demand for a risky asset

Alain Chateauneuf and Ghizlane Lakhnati ()
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Ghizlane Lakhnati: National School of Applied Sciences - Université Ibn Zohr = Ibn Zohr University [Agadir]

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: We first prove the noteworthy fact that Central Dominance with m=1 (CD1), introduced by Gollier (1995), is a particular case of Second order Stochastic Dominance. We then introduce a new tractable class of dominance that we name Relative order and we prove that this class is a strict subclass of CD1. Finally, we show that some known classes of dominance are particular cases of our new class of dominance.

Keywords: dominance (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

Published in Mathematical Social Sciences, 2015, 75, pp.44-48. ⟨10.1016/j.mathsocsci.2015.02.005⟩

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Journal Article: Increases in risk and demand for a risky asset (2015) Downloads
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Working Paper: Increases in risk and demand for risky asset (2005) Downloads
Working Paper: Increases in risk and demand for risky asset (2005) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-01161663

DOI: 10.1016/j.mathsocsci.2015.02.005

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