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    • Subadditive probabilities and portfolio inertia 

      Simonsen, Mario Henrique; Werlang, Sérgio Ribeiro da Costa
      1991-04-01
      We show that in the presence of uncertainty (in the sense of Knight), as axiomatized by Schmeidler (1982, 1984) and Gilboa (1987) (as opposed to the classical view of Savage (1954)) one may obtain portfolio inertia with ...