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A separation theorem for the weak s-convex orders

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  • Denuit, Michel
  • Liu, Liqun
  • Meyer, Jack

Abstract

The present paper extends to higher degrees the well-known separation theorem decomposing a shift in the increasing convex order into a combination of a shift in the usual stochastic order followed by another shift in the convex order. An application in decision making under risk is provided to illustrate the interest of the result.

Suggested Citation

  • Denuit, Michel & Liu, Liqun & Meyer, Jack, 2014. "A separation theorem for the weak s-convex orders," Insurance: Mathematics and Economics, Elsevier, vol. 59(C), pages 279-284.
    • Handle: RePEc:eee:insuma:v:59:y:2014:i:c:p:279-284
    DOI: 10.1016/j.insmatheco.2014.10.008
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    References listed on IDEAS

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