Article ID: | iaor19891019 |
Country: | France |
Volume: | 23 |
Issue: | 1 |
Start Page Number: | 57 |
End Page Number: | 65 |
Publication Date: | Feb 1989 |
Journal: | RAIRO Operations Research |
Authors: | Zaras K. |
One can admit two possible situations in relation to the attribute: a decision maker has either aversion or preference to take a risk-depending on whether the utility function is continuous and concave or continuous and convex. The objective of this paper is to develop the notions of third stochastic complementary dominances for both utility functions classes.