Article ID Journal Published Year Pages File Type
5062469 Economics Letters 2007 9 Pages PDF
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
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