"A Note on the Dependence Between a Venture and a Current Prospect" by Leigh S. Tesfatsion

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A Note on the Dependence Between a Venture and a Current Prospect

Journal of Economic Theory (1977)

Leigh S. Tesfatsion, University of Southern California
Clifford Hildreth, University of Minnesota - Twin Cities

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Abstract

Some sufficient conditions that a random variable be positively correlated with every strictly decreasing function of a second random variable are developed and applied to the problem of choosing the optimal amount of an uncertain venture. Two of the conditions generalize conditions previously employed by Samuelson [5] and Scheffman [6].

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Publication Date

1977

DOI

10.1016/0022-0531(77)90113-2

Publisher Statement

This is a discussion paper published in Journal of Economic Theory 15 (1977): 381, doi: 10.1016/0022-0531(77)90113-2

Citation Information

Leigh S. Tesfatsion and Clifford Hildreth. "A Note on the Dependence Between a Venture and a Current Prospect" Journal of Economic Theory Vol. 15 Iss. 2 (1977) p. 381 - 391
Available at: http://works.bepress.com/leigh-tesfatsion/82/