Health and portfolio choices: a diffidence approach

DOI10.1016/J.EJOR.2016.10.022MaRDI QIDQ1751808zbMATH OpenOpenAlexFDO

Authors David Crainich, Olivier Le Courtois, Louis Eeckhoudt

Publication date 25 May 2018

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2016.10.022

zbMATH Keywords

correlation aversioncross prudencediffidence theoremhealthportfolio choices

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Decision theory (91B06) Utility theory (91B16) Portfolio theory (91G10)

Recommendations

• Health and (other) asset holdings
• Health care investment: the case of multiple sources of risk
• Portfolio Choices in the Presence of Other Risks
• Optimal saving and health prevention
• Correlated risks, bivariate utility and optimal choices

Cites work

• A Matrix Measure of Multivariate Local Risk Aversion
• A note on comparative downside risk aversion
• Behavior Towards Risk with Many Commodities
• Changes in Background Risk and Risk Taking Behavior
• Decreasing downside risk aversion and background risk
• Multivariate Risk Aversion, Utility Independence and Separable Utility Functions
• On cross-risk vulnerability
• On multivariate prudence
• On Multivariate Risk Aversion
• On the intensity of downside risk aversion
• On the utility premium of Friedman and Savage
• Portfolio Choices in the Presence of Other Risks
• Proper Risk Aversion
• Prudence, temperance, edginess, and risk apportionment as decreasing sensitivity to detrimental changes
• Risk Aversion in the Small and in the Large
• Risk Vulnerability and the Tempering Effect of Background Risk
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Stronger measures of higher-order risk attitudes
• Substituting one risk increase for another: a method for measuring risk aversion
• The economics of risk and time
• The Ross Characterization of Risk Aversion: Strengthening and Extension

Cited in

(7)

• Intensity of preferences for bivariate risk apportionment
• Health care investment: the case of multiple sources of risk
• Health and (other) asset holdings
• Cancer and Portfolio Choice: Evidence from Norwegian Register Data
• Correlation aversion and bivariate stochastic dominance with respect to reference functions
• The role of health in consumption and portfolio decision-making: insights from state-dependent models
• The optimal demand for insurance against asset risk

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