Comparative higher-order risk aversion and higher-order prudence

DOI10.1016/J.ECONLET.2018.05.005MaRDI QIDQ1787682zbMATH OpenOpenAlexWikidataFDO

Authors Kit Pong Wong

Publication date 5 October 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2018.05.005

zbMATH Keywords

comparative risk aversionutility premiumcomparative prudenceprudence utility premium

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

• Greater Arrow-Pratt (absolute) risk aversion of higher orders
• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence
• A comparative characterization of higher-order Ross more risk aversion
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• Comparative higher-degree Ross risk aversion

Cites work

• A note on risky targets and effort
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• On the intensity of downside risk aversion
• On the utility premium of Friedman and Savage
• Precautionary self-insurance-cum-protection
• Risk Aversion in the Small and in the Large
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Standard Risk Aversion
• Substituting one risk increase for another: a method for measuring risk aversion
• The monetary utility premium and interpersonal comparisons
• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence

Cited in

(15)

• Consistency of higher order risk preferences
• Comparative mixed risk aversion: Definition and application to self-protection and willingness to pay
• A comparative characterization of higher-order Ross more risk aversion
• Comparing utility derivative premia under additive and multiplicative risks
• Comparative risk aversion
• An interpretation of the condition for precautionary saving: the case of greater higher-order interest rate risk
• Greater Arrow-Pratt (absolute) risk aversion of higher orders
• Bringing order to rankings of utility functions by strong increases in \(n\)th order aversion to risk
• Stronger measures of higher-order risk attitudes
• New results on high-order risk changes
• The monetary utility premium and interpersonal comparisons
• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence
• A note on the comparative statics approach to \(n\)th-degree risk aversion
• Decreasing ross risk aversion: higher-order generalizations and implications
• Diversification and risk attitudes toward two risks

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