A New Explanation of Simultaneous Risk Aversion and Risk Avidity

17 Pages Posted: 11 Oct 2009 Last revised: 23 Aug 2014

See all articles by Keiran Sharpe

Keiran Sharpe

University of New South Wales

Abstract

This paper specifies a model of hierarchical planning under risk with imprecise probabilities and utilities. The model is then used to explain how agents might act in ways that are both risk averse and risk avid (i.e. risk seeking).

Keywords: hierarchical planning, imprecise probabilities, risk aversion, risk seeking

JEL Classification: D81

Suggested Citation

Sharpe, Keiran, A New Explanation of Simultaneous Risk Aversion and Risk Avidity. Australian Conference of Economists (ACE09) Paper. Available at SSRN: https://ssrn.com/abstract=1484743 or http://dx.doi.org/10.2139/ssrn.1484743

Keiran Sharpe (Contact Author)

University of New South Wales ( email )

Sydney, NSW 2052
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
61
Abstract Views
543
rank
354,144
PlumX Metrics