On S-convexity and risk aversion

M. Denuit, C. Lefèvre, M. SCARSINI

Theory and Decision

2001, vol. 50, n°1, pp.239-248

Départements : Economie et Sciences de la décision

The present note first discusses the concept of s-convex pain functions in decision theory. Then, the economic behavior of an agent with such a pain function is represented through the comparison of some recursive lotteries