Left-Side strong increases in risk and their comparative statics

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Theory and Decision 57 (1):59-68 (2004)
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Abstract

This paper introduces a new concept of left-side strong increases in risk (L-SIR) that extends the definition of strong increases in risk (SIR). We also provide somewhat stronger restrictive set of risk-averse decision-makers with a non-negative third derivative utility (prudence) to obtain an appealing comparative statics result for L-SIR

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2005

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10.1007/s11238-004-2859-3

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