Tradeoffs for Downside Risk-Averse ...
Type de document :
Compte-rendu et recension critique d'ouvrage
DOI :
Titre :
Tradeoffs for Downside Risk-Averse Decision-Makers and the Self-Protection Decision
Auteur(s) :
Denuit, Michel [Auteur]
Institut de Statistique, Biostatistique et Sciences Actuarielles (ISBA)
Eeckhoudt, Louis [Auteur]
Lille économie management - UMR 9221 [LEM]
Liu, Liqun [Auteur]
Texas A&M University [College Station]
Meyer, Jack [Auteur]
Institut de Statistique, Biostatistique et Sciences Actuarielles (ISBA)
Eeckhoudt, Louis [Auteur]
Lille économie management - UMR 9221 [LEM]
Liu, Liqun [Auteur]
Texas A&M University [College Station]
Meyer, Jack [Auteur]
Titre de la revue :
Geneva Risk and Insurance Review
Pagination :
19-47
Éditeur :
Palgrave Macmillan
Date de publication :
2016-03
ISSN :
1554-964X
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
In addition to risk aversion, decision-makers tend to be also downside risk averse. Besides the usual size for risk trade-off, this allows several other trade-offs to be considered. The decision to increase the level of ...
Lire la suite >In addition to risk aversion, decision-makers tend to be also downside risk averse. Besides the usual size for risk trade-off, this allows several other trade-offs to be considered. The decision to increase the level of self-protection generates five trade-offs each involving an unfavourable downside risk increase and an accompanying beneficial change. Five stochastic orders that correspond to these trade-offs are defined, characterised and used to prove comparative static theorems that provide information concerning the self-protection decision. The five stochastic orders are general in nature and can be applied in any decision model where downside risk aversion is assumed.Lire moins >
Lire la suite >In addition to risk aversion, decision-makers tend to be also downside risk averse. Besides the usual size for risk trade-off, this allows several other trade-offs to be considered. The decision to increase the level of self-protection generates five trade-offs each involving an unfavourable downside risk increase and an accompanying beneficial change. Five stochastic orders that correspond to these trade-offs are defined, characterised and used to prove comparative static theorems that provide information concerning the self-protection decision. The five stochastic orders are general in nature and can be applied in any decision model where downside risk aversion is assumed.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :