Risk Apportionment and Stochastic Dominance

Eeckhoudt, Louis; Schlesinger, Harris; Tsetlin, Ilia

doi:10.2139/ssrn.1021947

Download this Paper Open PDF in Browser

Risk Apportionment and Stochastic Dominance

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

24 Pages Posted: 16 Oct 2007

Louis Eeckhoudt

Facultes Universitaires Catholiques de Mons (FUCAM)

Harris Schlesinger

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

Ilia Tsetlin

INSEAD

Date Written: July 5, 2007

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.

Keywords: Downside Risk, Precautionary Savings, Prudence, Risk Apportionment

Suggested Citation: Suggested Citation

Eeckhoudt, Louis and 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: https://ssrn.com/abstract=1021947 or http://dx.doi.org/10.2139/ssrn.1021947

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) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

Ilia Tsetlin

INSEAD ( email )

Boulevard de Constance
77305 Fontainebleau Cedex
France

Download this Paper Open PDF in Browser

Paper statistics

Downloads

Rank

319,421

Abstract Views

482

27 References

Feedback

Risk Apportionment and Stochastic Dominance

Louis Eeckhoudt

Harris Schlesinger

Ilia Tsetlin

Abstract

Louis Eeckhoudt (Contact Author)

Facultes Universitaires Catholiques de Mons (FUCAM) ( email )

Harris Schlesinger

University of Alabama ( email )

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Ilia Tsetlin

INSEAD ( email )

Paper statistics

Quick Links

Rankings

About

Risk Apportionment and Stochastic Dominance

Louis Eeckhoudt

Harris Schlesinger

Ilia Tsetlin

Abstract

Louis Eeckhoudt (Contact Author)

Facultes Universitaires Catholiques de Mons (FUCAM) ( email )

Harris Schlesinger

University of Alabama ( email )

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Ilia Tsetlin

INSEAD ( email )

Paper statistics

Related eJournals

INSEAD Working Paper Series

Stochastic Models eJournal

Quick Links

Rankings

About