2 problems

Let $Z$ be the random cost variable faced by the problem owner, and let $\rho$ be a spectral risk measure. Tail-behavior conjecture. As spectral risk measures tend to focus on the…

For a bounded random variable $X$, let … be a preference satisfying the paper's continuity, risk-invariance, and first-order stochastic-dominance monotonicity axioms. Representatio…