论文标题
背景风险和小风险规避
Background risk and small-stakes risk aversion
论文作者
论文摘要
我们表明，在可行的背景风险水平下，没有风险的选择理论（例如预期效用理论，前景理论或依赖等级的效用）可以同时满足以下三种经济假设：（i）决策者对小赌博的风险避免风险，（ii）他们尊重随机统治力，以及（iii）。
We show that under plausible levels of background risk, no theory of choice under risk -- such as expected utility theory, prospect theory, or rank dependent utility -- can simultaneously satisfy the following three economic postulates: (i) Decision makers are risk-averse over small gambles, (ii) they respect stochastic dominance, and (iii) they account for background risk.
