Risk Apportionment and Stochastic Dominance
Facultes Universitaires Catholiques de Mons (FUCAM)
University of Alabama; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
July 5, 2007
INSEAD Business School Research Paper No. 2007/45/DS
This paper characterizes higher order risk effects, such as prudence and temperance, via preferences that partially order a set of simple 50-50 lotteries.
Number of Pages in PDF File: 24
Keywords: Downside Risk, Precautionary Savings, Prudence, Risk Apportionmentworking papers series
Date posted: October 16, 2007
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