Willingness to pay, the risk premium and risk aversion

DOI10.1016/S0165-1765(97)00094-3zbMath0897.90079OpenAlexW2072844905WikidataQ127493975 ScholiaQ127493975MaRDI QIDQ1390983

Christian Gollier, Philippe Godfroid, Louis R. Eeckhoudt

Publication date: 22 July 1998

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1765(97)00094-3

zbMATH Keywords

risk premiumwillingness to payrisk transformations

Mathematics Subject Classification ID

Related Items (5)

The impact of governmental assistance on insurance demand under ambiguity: a theoretical model and an experimental test ⋮ DISTORTION RISK MEASURES, AMBIGUITY AVERSION AND OPTIMAL EFFORT ⋮ Willingness to pay for risk reduction and risk aversion without the expected utility assumption ⋮ On the willingness to pay to reduce risks of small losses ⋮ The market value of preventive activities: A contingent-claims approach

Cites Work

• Self-insurance, self-protection and increased risk aversion
• Paying to improve your chances: Gambling or insurance?
• Testing the internal consistency of contingent valuation surveys
• Risk Aversion in the Small and in the Large

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