Prudence and preference for flexibility gain

DOI10.1016/J.EJOR.2020.04.051zbMath1487.91030OpenAlexW3043098951MaRDI QIDQ2023960

Daniel Danau

Publication date: 3 May 2021

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2020.04.051

zbMATH Keywords

prudenceutility premiumchoice between distributionschoice between lotteriesflexibility gain

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08)

Cites Work

• Optimal investment under operational flexibility, risk aversion, and uncertainty
• Optimal prevention and prudence in a two-period model
• Real options with constant relative risk aversion
• The impact of prudence on optimal prevention
• Flexibility and Uncertainty
• Strong Increases in Risk and Their Comparative Statics
• Outside Risk Aversion and the Comparative Statics of Increasing Risk in Quasi-Linear Decision Models

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