Difference between revisions of "Scholarly Misconduct"
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| + | ``Defining the Mean-Preserving Spread: 3-pt versus 4-pt,'' ''Decision Making Under Risk and Uncertainty: New Models and Empirical Findings'' , edited by John Geweke. Amsterdam: Kluwer, 1992 (with Emmanuel Petrakis ). ISBN: 0-7923-1904-4. The standard way to define a mean-preserving spread is in terms of changes in the probability at four points of a distribution (Rothschild and Stiglitz [1970]). Our alternative definition is in terms of changes in the probability at just three points. Any 4-pt mean- preserving spread can be constructed from two 3-pt mean-preserving spreads, and any 3-pt mean-preserving spread can be constructed from two 4-pt mean- preserving spreads. The 3-pt definition is simpler and more often applicable. It also permits easy rectification of a mistake in the Rothschild-Stiglitz proof that adding a mean- preserving spread is equivalent to other measures of increasing risk. pdf (http://rasmusen.org/published/Rasmusen_92BOOK.mps.pdf | ||
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| + | It is rumored that Rothschild and Stiglitz both took a course on Hardy-Littlewood-Polya. | ||
Revision as of 04:51, 4 May 2021
Naked Exclusion
I should write up the Whinston footnote.
Mean-Preserving Spread
I should write up the Southern Methodist University plagiarism.
``Defining the Mean-Preserving Spread: 3-pt versus 4-pt, Decision Making Under Risk and Uncertainty: New Models and Empirical Findings , edited by John Geweke. Amsterdam: Kluwer, 1992 (with Emmanuel Petrakis ). ISBN: 0-7923-1904-4. The standard way to define a mean-preserving spread is in terms of changes in the probability at four points of a distribution (Rothschild and Stiglitz [1970]). Our alternative definition is in terms of changes in the probability at just three points. Any 4-pt mean- preserving spread can be constructed from two 3-pt mean-preserving spreads, and any 3-pt mean-preserving spread can be constructed from two 4-pt mean- preserving spreads. The 3-pt definition is simpler and more often applicable. It also permits easy rectification of a mistake in the Rothschild-Stiglitz proof that adding a mean- preserving spread is equivalent to other measures of increasing risk. pdf (http://rasmusen.org/published/Rasmusen_92BOOK.mps.pdf
It is rumored that Rothschild and Stiglitz both took a course on Hardy-Littlewood-Polya.
