Detail First and Second Degree Transformations and Comparative Statics Under Uncertainty   Oleh:  Ormiston, Michael B. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 1 (1992), page 33-44. Topik: transformation; transfromation; statics Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The purpose of this paper is to investigate the direction of change in the optimal value of the choice variable following a deterministic transformation of the underlying random variable. Here we consider transformations representing either first or second degree stochastically dominant shifts. Several theorems are presented giving conditions on the economic model and risk taking characteristics of the decision maker that are sufficient to obtain unambiguous comparative statics results for arbitrary FSD and SSD transformations as well as for simple FSD and SSD transformations. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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