Restricted increases in risk aversion and ...
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Restricted increases in risk aversion and their application
Author(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]
Journal title :
Economic Theory
Pages :
161--181
Publisher :
Springer Verlag
Publication date :
2016-05
ISSN :
0938-2259
English keyword(s) :
Comparative risk aversion
Portfolio choice
Self-protection
Insurance demand
Portfolio choice
Self-protection
Insurance demand
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [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 ...
Show more >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.Show less >
Show more >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.Show less >
Language :
Anglais
Popular science :
Non
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