Self-protection with random costs

DOI10.1016/J.INSMATHECO.2021.02.006MaRDI QIDQ2034151zbMATHOpenAlexFDO

Authors David Crainich, Mario Menegatti

Publication date 21 June 2021

Published in Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.insmatheco.2021.02.006

zbMATH Keywords

risk aversionprudenceself-protectionpreventionrandom costs of self-protection

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

Recommendations

• Background risk and self-protection
• Protection in numbers? Self-protection as a local public good
• Risk aversion and self-insurance-cum-protection
• A continuous-time model of self-protection
• Self-insurance, self-protection and increased risk aversion

Cites work

• A new interpretation for the precautionary saving motive: a note
• A note on risky targets and effort
• Ambiguity aversion, higher-order risk attitude and optimal effort
• Comparative ambiguity aversion and downside ambiguity aversion
• Conditional payments and self-protection
• Consistency of higher order risk preferences
• Degree of downside risk aversion and self-protection
• Exploring higher order risk effects
• Higher order risk attitudes, demographics, and financial decisions
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• Optimal prevention and prudence in a two-period model
• Precautionary paying for stochastic improvements under background risks
• Risk aversion and self-insurance-cum-protection
• Risky targets and effort
• The impact of prudence on optimal prevention

Cited in

(6)

• Self-protection against repeated low probability risks
• Conditional payments and self-protection
• A Diamond-Stiglitz approach to the demand for self-protection
• Investment decision-making on precautionary effort conditional on random income
• A continuous-time model of self-protection
• Protection in numbers? Self-protection as a local public good

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