A general theory of risk apportionment

DOI10.1016/j.jet.2021.105189zbMath1458.91055OpenAlexW2947787194MaRDI QIDQ1995325

Christian Gollier

Publication date: 23 February 2021

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://publications.ut-capitole.fr/42083/1/wp_tse_1003.pdf

zbMATH Keywords

concordanceprudencestochastic dominancetemperancerisk orders

Mathematics Subject Classification ID

Inequalities; stochastic orderings (60E15) Risk models (general) (91B05)

Related Items (2)

Downside risk aversion vs decreasing absolute risk aversion: an intuitive exposition ⋮ Comparative risk aversion with two risks

Cites Work

• On relative and partial risk attitudes: theory and implications
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• Risk-aversion, prudence and temperance
• Apportioning of risks via stochastic dominance
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• Stochastic volatility implies fourth-degree risk dominance: applications to asset pricing
• Variance stochastic orders
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• Monotonicity of asset price toward higher changes in risk
• Precautionary saving in the large: \(n\)th degree deteriorations in future income
• Multiattribute Utility Satisfying a Preference for Combining Good with Bad
• Multivariate Risk Aversion, Utility Independence and Separable Utility Functions
• Consistency of Higher Order Risk Preferences
• The Efficiency Analysis of Choices Involving Risk

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