Precautionary paying for stochastic improvements under background risks

DOI10.1016/j.insmatheco.2015.05.012zbMath1348.91186OpenAlexW576236674WikidataQ59356374 ScholiaQ59356374MaRDI QIDQ495467

Jianli Wang, Jingyuan Li, Xinping Xia, Hong-Xia Wang

Publication date: 14 September 2015

Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.insmatheco.2015.05.012

zbMATH Keywords

precautionary savingbackground riskcross-prudenceprecautionary effortstochastic improvements

Mathematics Subject Classification ID

Related Items (4)

Unnamed Item ⋮ Willingness to pay for stochastic improvements of future risk under different risk aversion ⋮ Self-protection with random costs ⋮ Optimal saving and health prevention

Cites Work

• Optimal prevention and other risks in a two-period model
• Optimal prevention and prudence in a two-period model
• Precautionary saving under many risks
• Degree of downside risk aversion and self-protection
• Prospect Theory: An Analysis of Decision under Risk
• A First Course in Optimization Theory
• Consistency of Higher Order Risk Preferences
• Stochastic Dominance

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