Restricted increases in risk aversion and ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Restricted increases in risk aversion and their application
Auteur(s) :
Eeckhoudt, Louis [Auteur]
Lille économie management - UMR 9221 [LEM]
Liu, Liqun [Auteur]
Meyer, Jack [Auteur]
Lille économie management - UMR 9221 [LEM]
Liu, Liqun [Auteur]
Meyer, Jack [Auteur]
Titre de la revue :
Economic Theory
Pagination :
161--181
Éditeur :
Springer Verlag
Date de publication :
2016-05
ISSN :
0938-2259
Mot(s)-clé(s) en anglais :
Comparative risk aversion
Portfolio choice
Self-protection
Insurance demand
Portfolio choice
Self-protection
Insurance demand
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
This paper proposes additional definitions of what it means for one decision maker to be more risk averse than another. These definitions build on the strongly more risk averse definition presented by Ross (Econometrica ...
Lire la suite >This paper proposes additional definitions of what it means for one decision maker to be more risk averse than another. These definitions build on the strongly more risk averse definition presented by Ross (Econometrica 49:621–663, 1981). Using examples from portfolio choice, self-protection and insurance demand, it is shown that these definitions of increased risk aversion facilitate clear-cut comparative statics analysis in decision models where traditional concepts of increased risk aversion are insufficient.Lire moins >
Lire la suite >This paper proposes additional definitions of what it means for one decision maker to be more risk averse than another. These definitions build on the strongly more risk averse definition presented by Ross (Econometrica 49:621–663, 1981). Using examples from portfolio choice, self-protection and insurance demand, it is shown that these definitions of increased risk aversion facilitate clear-cut comparative statics analysis in decision models where traditional concepts of increased risk aversion are insufficient.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :