Abstract

  
 

References (4)



 


 



A Note on the Intensity of Downside Risk Aversion


Richard Watt


University of Canterbury - Economics and Finance; The Society for Economic Research on Copyright Issues (SERCI)

Francisco Vazquez


Independent University of Madrid
October 1, 2010

ICER Working Paper No. 24/2010

Abstract:     
In this note we show that the measure of intensity of downside risk aversion proposed recently by Crainich and Eeckhoudt (2007) cannot be guaranteed to exist. We do this by means of an example in which the existence of the measure depends upon the values of the parameters in the problem.

Number of Pages in PDF File: 11

Keywords: risk aversion, prudence, downside risk

JEL Classification: D81

working papers series


Download This Paper

Date posted: November 19, 2010  

Suggested Citation

Watt, Richard and Vazquez, Francisco, A Note on the Intensity of Downside Risk Aversion (October 1, 2010). ICER Working Paper No. 24/2010. Available at SSRN: http://ssrn.com/abstract=1710606 or http://dx.doi.org/10.2139/ssrn.1710606

Contact Information

Richard Watt (Contact Author)
University of Canterbury - Economics and Finance ( email )
Private Bag 4800
Christchurch
New Zealand
The Society for Economic Research on Copyright Issues (SERCI) ( email )
Apartado de correos 1100
Palma de Mallorca, 08080
Spain
Francisco Vazquez
Independent University of Madrid
Madrid
Spain
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 163
Downloads: 18
References:  4

© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright
This page was processed by apollo7 in 0.641 seconds