Risk Aversion, Loss Aversion, and the ...
Type de document :
Compte-rendu et recension critique d'ouvrage
DOI :
Titre :
Risk Aversion, Loss Aversion, and the Demand for Insurance
Auteur(s) :
Eeckhoudt, Louis [Auteur]
Lille économie management - UMR 9221 [LEM]
Fiori, Anna [Auteur]
Università degli Studi di Milano-Bicocca = University of Milano-Bicocca [UNIMIB]
Rosazza Gianin, Emanuela [Auteur]
Università degli Studi di Milano-Bicocca = University of Milano-Bicocca [UNIMIB]
Lille économie management - UMR 9221 [LEM]
Fiori, Anna [Auteur]
Università degli Studi di Milano-Bicocca = University of Milano-Bicocca [UNIMIB]
Rosazza Gianin, Emanuela [Auteur]
Università degli Studi di Milano-Bicocca = University of Milano-Bicocca [UNIMIB]
Titre de la revue :
Risks
Pagination :
60
Éditeur :
MDPI
Date de publication :
2018-06
ISSN :
2227-9091
Mot(s)-clé(s) en anglais :
first-order risk aversion
stochastic dominance
insurance
expected utility
stochastic dominance
insurance
expected utility
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of losses or gains relative to a reference point. Besides some comparative statics results, we discuss the ...
Lire la suite >In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of losses or gains relative to a reference point. Besides some comparative statics results, we discuss the links with first-order risk aversion, with the Omega measure, and with a tendency to over-insure modest risks that has been been extensively documented in real insurance markets.Lire moins >
Lire la suite >In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of losses or gains relative to a reference point. Besides some comparative statics results, we discuss the links with first-order risk aversion, with the Omega measure, and with a tendency to over-insure modest risks that has been been extensively documented in real insurance markets.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :
Fichiers
- Accès libre
- Accéder au document