For two actions in a decision problem, a and b, each of which produces a state-dependent monetary reward, we study how to robustly make action a more attractive. Action a' improves upon a in this manner if the set of beliefs at which a is preferred to b is a subset of the set of beliefs at which a' is preferred to b, irrespective of the risk-averse agent's utility function (in money). We provide a full characterization of this relation and discuss applications in politics, bilateral trade, insurance, and information acquisition.
Quantitative mode stability for the wave equation on the Kerr-Newman spacetime
Risk-Aware Objective-Based Forecasting in Inertia Management
Chainalysis: Geography of Cryptocurrency 2023
Periodicity in Cryptocurrency Volatility and Liquidity
Impact of Geometric Uncertainty on the Computation of Abdominal Aortic Aneurysm Wall Strain
Simulation-based Bayesian inference with ameliorative learned summary statistics -- Part I