Flexibility, endogenous risk, and the protection premium

DOI10.1007/BF01083167MaRDI QIDQ1891663zbMATH OpenFDO

Authors Sergio H. Lence, Bruce A. Babcock

Publication date 23 November 1995

Published in Theory and Decision (Search for Journal in Brave)

zbMATH Keywords

flexibilitywillingness to payendogenous riskprotection premia

Mathematics Subject Classification ID

Recommendations

• Risk aversion and self-insurance-cum-protection
• Optimal risk taking with flexible income
• Investment flexibility and the acceptance of risk
• Insurance demand and the elasticity of risk aversion
• Risk Premium, Variance Premium, and the Maturity Structure of Uncertainty
• Eliciting risk preferences and elasticity of substitution
• Risk premia in general equilibrium

Cites work

• Endogenous risk and protection premiums
• Risk Aversion in the Small and in the Large
• Self-insurance, self-protection and increased risk aversion
• Temporal von Neumann-Morgenstern and induced preferences

Cited in

(2)

• Prudence and preference for flexibility gain
• Conditional payments and self-protection

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