The impact of prudence on optimal prevention revisited

DOI10.1016/J.ECONLET.2011.06.019zbMath1239.91060OpenAlexW2031578482WikidataQ59356409 ScholiaQ59356409MaRDI QIDQ425714

Georges Dionne, Jingyuan Li

Publication date: 8 June 2012

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

Full work available at URL: https://commons.ln.edu.hk/sw_master/508

zbMATH Keywords

skewnessself-protectionabsolute prudence

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (9)

Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention ⋮ The value of risk reduction: new tools for an old problem ⋮ On the substitution between saving and prevention ⋮ Prevention in two‐period time and its extension health risk model ⋮ The impact of prudence on optimal prevention revisited ⋮ Background risk, bivariate risk attitudes, and optimal prevention ⋮ Do risk lovers invest in self-protection? ⋮ Commitment through risk ⋮ How do changes in risk and risk aversion affect self-protection with Selden/Kreps-Porteus preferences?

Cites Work

• Self-insurance, self-protection and increased risk aversion
• The impact of prudence on optimal prevention revisited
• Multiplicative risk apportionment
• The values of relative risk aversion and prudence: a context-free interpretation
• Comparative mixed risk aversion: Definition and application to self-protection and willingness to pay
• The impact of prudence on optimal prevention

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