Comparative higher-order risk aversion and higher-order prudence

DOI10.1016/J.ECONLET.2018.05.005zbMath1397.91214OpenAlexW2804459117WikidataQ129813818 ScholiaQ129813818MaRDI QIDQ1787682

Kit Pong Wong

Publication date: 5 October 2018

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

Full work available at URL: https://doi.org/10.1016/j.econlet.2018.05.005

zbMATH Keywords

comparative risk aversionutility premiumcomparative prudenceprudence utility premium

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (4)

Comparing utility derivative premia under additive and multiplicative risks ⋮ Greater Arrow-Pratt (absolute) risk aversion of higher orders ⋮ An interpretation of the condition for precautionary saving: the case of greater higher-order interest rate risk ⋮ Diversification and risk attitudes toward two risks

Cites Work

• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence
• On the intensity of downside risk aversion
• On the utility premium of Friedman and Savage
• Precautionary self-insurance-cum-protection
• A note on risky targets and effort
• The monetary utility premium and interpersonal comparisons
• Substituting one risk increase for another: a method for measuring risk aversion
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Standard Risk Aversion
• Risk Aversion in the Small and in the Large

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