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Technical Note—Equity in Risk Bearing

Author

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  • John Broome

    (University of Bristol, Bristol, England)

Abstract

Von Neuman-Morgenstern utility functions are found incompatible with valuing fairness and lead to an invalid conclusion about risk proneness.

Suggested Citation

  • John Broome, 1982. "Technical Note—Equity in Risk Bearing," Operations Research, INFORMS, vol. 30(2), pages 412-414, April.
    • Handle: RePEc:inm:oropre:v:30:y:1982:i:2:p:412-414
    DOI: 10.1287/opre.30.2.412
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    Cited by:

    1. Thibault Gajdos & John Weymark & Claudio Zoli, 2010. "Shared destinies and the measurement of social risk equity," Annals of Operations Research, Springer, vol. 176(1), pages 409-424, April.
    2. L. Robin Keller & Rakesh K. Sarin, 1988. "Equity in Social Risk: Some Empirical Observations," Risk Analysis, John Wiley & Sons, vol. 8(1), pages 135-146, March.
    3. L. Robin Keller & Rakesh K. Sarin, 1995. "Fair Processes for Societal Decisions Involving Distributional Inequalities," Risk Analysis, John Wiley & Sons, vol. 15(1), pages 49-59, February.

    More about this item

    Keywords

    851 equity and risk avoidance;

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