Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5076613 | Insurance: Mathematics and Economics | 2014 | 6 Pages |
Abstract
The present paper extends to higher degrees the well-known separation theorem decomposing a shift in the increasing convex order into a combination of a shift in the usual stochastic order followed by another shift in the convex order. An application in decision making under risk is provided to illustrate the interest of the result.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Michel Denuit, Liqun Liu, Jack Meyer,