Risk Seeking and Lottery Design

  • John Quiggin


In the previous two chapters, it has been shown that the majority of the EU analysis of choice under uncertainty may be carried over to the RDEU framework. It has also been shown that some results, notably those concerning second order risk aversion and those relying on the equivalence between risk aversion and second stochastic dominance, may not hold in the more general setting.


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Copyright information

© Springer Science+Business Media Dordrecht 1993

Authors and Affiliations

  • John Quiggin
    • 1
  1. 1.Australian National UniversityAustralia

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