3 papers
econ.TH2020
Background risk and small-stakes risk aversion
Xiaosheng Mu, Luciano Pomatto, Philipp Strack +1
We show that under plausible levels of background risk, no theory of choice under risk -- such as expected utility theory, prospect theory, or rank dependent utility -- can simulta…
math.ST2019
From Blackwell Dominance in Large Samples to Renyi Divergences and Back Again
Xiaosheng Mu, Luciano Pomatto, Philipp Strack +1
We study repeated independent Blackwell experiments; standard examples include drawing multiple samples from a population, or performing a measurement in different locations. In th…
math.PR2018
Stochastic Dominance Under Independent Noise
Luciano Pomatto, Philipp Strack, Omer Tamuz
Stochastic dominance is a crucial tool for the analysis of choice under risk. It is typically analyzed as a property of two gambles that are taken in isolation. We study how additi…