Download This PaperRisk Apportionment and Stochastic Dominance
24 Pages Posted: 16 Oct 2007
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
CESifo (Center for Economic Studies and Ifo Institute) ( email )
Poschinger Str. 5
Munich, DE-81679
Germany
Here is the Coronavirus
related research on SSRN
Recommended Papers
-
A Good Sign for Multivariate Risk Taking
By Louis Eeckhoudt, Béatrice Rey, ...
-
Apportioning of Risks via Stochastic Dominance
By Louis Eeckhoudt, Harris Schlesinger, ...
-
On the Precautionary Motive for Savings and Prudence, in an EU and a Neu Framework
By Eric Langlais, Alain Chateauneuf, ...
-
Comparative Ross Risk Aversion in the Presence of Mean Dependent Risks
By Georges Dionne and Jingyuan Li
-
Multivariate Concave and Convex Stochastic Dominance
By Michel Denuit, Louis Eeckhoudt, ...
-
By Yannick Malevergne and Béatrice Rey
-
On Non-Monetary Measures in the Face of Risks and the Signs of the Derivatives
By Christophe Courbage and Béatrice Rey
