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."
Original language | English |
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Pages (from-to) | 591-620 |
Number of pages | 30 |
Journal | Theoretical Economics |
Volume | 8 |
Issue number | 2 |
DOIs | |
State | Published - May 2013 |
Keywords
- D81
- G00
- G32
- Gamble
- Reserve
- Riskiness
- Risky asset
- Wealth