Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062469 | Economics Letters | 2007 | 9 Pages |
Abstract
We introduce the ε-Gini-contamination multiple priors model in which the set of priors are those probability measures that are 'close' to a central P with respect to the relative Gini concentration index. We show that such preferences can be represented by a linear-mean-standard-deviation utility function on a restricted domain.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Simon Grant, Atsushi Kajii,