Willingness to pay, the risk premium and risk aversion

DOI10.1016/S0165-1765(97)00094-3MaRDI QIDQ1390983zbMATH OpenOpenAlexWikidataFDO

Authors Christian Gollier, Louis Eeckhoudt, Philippe Godfroid

Publication date 22 July 1998

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1765(97)00094-3

zbMATH Keywords

risk premiumwillingness to payrisk transformations

Mathematics Subject Classification ID

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Cites work

• Paying to improve your chances: Gambling or insurance?
• Risk Aversion in the Small and in the Large
• Self-insurance, self-protection and increased risk aversion
• Testing the internal consistency of contingent valuation surveys

Cited in

(7)

• The market value of preventive activities: A contingent-claims approach
• The impact of governmental assistance on insurance demand under ambiguity: a theoretical model and an experimental test
• On the willingness to pay to reduce risks of small losses
• The value of risk reduction: new tools for an old problem
• Willingness to pay for risk reduction and risk aversion without the expected utility assumption
• Imprecise preferences and the WTP-WTA disparity
• Distortion risk measures, ambiguity aversion and optimal effort

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