A Diamond-Stiglitz approach to the demand for self-protection

DOI10.1007/S11166-010-9107-8zbMath1208.91047OpenAlexW2086635654MaRDI QIDQ625693

Jack Meyer, Donald J. Meyer

Publication date: 25 February 2011

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-010-9107-8

zbMATH Keywords

prudencerisk aversionpreventiondecreasing risk aversionself protection

Mathematics Subject Classification ID

Utility theory (91B16) Individual preferences (91B08)

Related Items (5)

The impact of ambiguity and prudence on prevention decisions ⋮ Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention ⋮ Do risk lovers invest in self-protection? ⋮ The family of alpha,[a,b stochastic orders: risk vs. expected value] ⋮ Prevention efforts, insurance demand and price incentives under coherent risk measures

Cites Work

• Self-insurance, self-protection and increased risk aversion
• Representing risk preferences in expected utility based decision models
• Degree of downside risk aversion and self-protection
• The impact of prudence on optimal prevention

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