Safety‐First Criteria and Their Measures of Risk
定义了一种代表安全优先准则的风险度量，并确定了无货币幻觉的风险厌恶群体的函数形式，通过实证展示了如何识别在随机占优准则下无占优关系时仍能选出最优方案的子群体。
Abstract A cardinal measure of risk which represents the safety‐first criteria is defined. The functional form of that measure is determined for a subgroup of risk‐averse agents that do not have money illusion. An empirical illustration of possible applications of that measure shows a method of identifying the subgroup of agents for which a given alternative dominates the others—in a group of risky alternatives when none of these alternatives dominates any of the others according to the first and the second criteria of stochastic dominance.