Article ID Journal Published Year Pages File Type
5061847 Economics Letters 2008 4 Pages PDF
Abstract

This note gives a stochastic dominance representation of more optimistic belief in rank dependent expected utility. Applying this observation, we can demonstrate the effect of more optimistic belief on economic decisions and equilibria under risk making comparative static analysis.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Stochastic dominance representation of optimistic belief: Theory and applications
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