Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/103918 
Year of Publication: 
2014
Series/Report no.: 
Center for Mathematical Economics Working Papers No. 528
Publisher: 
Bielefeld University, Center for Mathematical Economics (IMW), Bielefeld
Abstract: 
We analyze the Foster-Hart measure of riskiness for general distributions in dynamic settings. The Foster-Hart measure avoids bankruptcy in the long run. It is not time-consistent.
Subjects: 
Dynamic Risk Measures
Time-Consistency
Bankruptcy
Continuous Random Variable
JEL: 
D81
G11
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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