Stochastic dominance representation of optimistic belief: Theory and applications

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 101
Issue: 3
Pages: 275-278

Authors (2)

Osaki, Yusuke (not in RePEc) Quiggin, John (University of Queensland)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:101:y:2008:i:3:p:275-278
Journal Field
General
Author Count
2
Added to Database
2026-01-29