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Risk Apportionment and Stochastic Dominance


Louis Eeckhoudt


Facultes Universitaires Catholiques de Mons (FUCAM)

Harris Schlesinger


University of Alabama; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Ilia Tsetlin


INSEAD
July 5, 2007

INSEAD Business School Research Paper No. 2007/45/DS

Abstract:     
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 Apportionment

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Date posted: October 16, 2007  

Suggested Citation

Eeckhoudt, Louis, Schlesinger, Harris and Tsetlin, Ilia, Risk Apportionment and Stochastic Dominance (July 5, 2007). INSEAD Business School Research Paper No. 2007/45/DS. Available at SSRN: http://ssrn.com/abstract=1021947 or http://dx.doi.org/10.2139/ssrn.1021947

Contact Information

Louis Eeckhoudt (Contact Author)
Facultes Universitaires Catholiques de Mons (FUCAM) ( email )
Chaussee de Binche, 151
Mons 7000
Belgium
Harris Schlesinger
University of Alabama ( email )
P.O. Box 870244
200 Alston Hall, Box 870224
Tuscaloosa, AL 35487
United States
205-348-7858 (Phone)
205-348-0590 (Fax)
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
Ilia Tsetlin
INSEAD ( email )
Boulevard de Constance
77305 Fontainebleau Cedex
France
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References:  27

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