Attitudes to risk |
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Authors: | Peter J Lambert John D Hey |
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Institution: | University of York, Heslington, York YO1 5DD, England |
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Abstract: | Diamond and Stiglitz' approach to defining increased risk is developed, and partial orderings emerge which are closely connected with the risk orderings of Meyer. The new orderings are related to behaviour at the extremes of risk aversion and risk loving. |
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