Multivariate risk premiums (Q1082999)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Multivariate risk premiums |
scientific article |
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Multivariate risk premiums (English)
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1987
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This paper develops characterizations of a risk premium and of the relation ''more risk averse'', for multi-dimensional problems where the agent is exposed to an insurable and an uninsurable risk. We generalize and inter-relate results of several authors in deriving a local ordering of the risk aversion of agents with differing ordinal preferences.
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characterizations of a risk premium
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local ordering of the risk aversion
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