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Application of Operator Monotone Functions in Economics

Operaator-monotoonsete funktsioonide kasutamine majandusteaduses

並列摘要


Operator monotone functions play an important role in economics. We show that 2-monotonicity is equivalent to decreasing relative risk premium, a notion recently introduced in microeconomics. We also show that an operator monotone function is risk vulnerable, a notion introduced by Gollier and Pratt.

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