A wealth-requirement axiomatization of riskiness

Dean P. Foster; Sergiu Hart

doi:10.3982/TE1150

A wealth-requirement axiomatization of riskiness

Dean P. Foster^*
, Sergiu Hart

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

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
Pages (from-to)	591-620
Number of pages	30
Journal	Theoretical Economics
Volume	8
Issue number	2
DOIs	https://doi.org/10.3982/TE1150
State	Published - May 2013

Keywords

D81
G00
G32
Gamble
Reserve
Riskiness
Risky asset
Wealth

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10.3982/TE1150

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A wealth-requirement axiomatization of riskiness

Abstract

Keywords

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