Intensity of preferences for bivariate risk apportionment

DOI10.1016/J.JMATECO.2020.03.007MaRDI QIDQ2178595zbMATH OpenOpenAlexFDO

Authors David Crainich, Olivier Le Courtois, Louis Eeckhoudt

Publication date 11 May 2020

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2020.03.007

zbMATH Keywords

bivariate utility functionrisk apportionmentcomparative risk aversionRoss risk aversionincrease in bivariate risks

Mathematics Subject Classification ID

Individual preferences (91B08) Risk models (general) (91B05)

Recommendations

• Risk apportionment via bivariate stochastic dominance
• Comparative risk aversion with two risks
• Another look at risk apportionment
• Multiplicative risk apportionment
• Understanding and measuring bivariate risk attitude: What can we learn from concordance?

Cites work

• A note on optimal insurance in the presence of a nonpecuniary background risk
• Background risk, bivariate risk attitudes, and optimal prevention
• Correlated risks, bivariate utility and optimal choices
• Health and portfolio choices: a diffidence approach
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• Multivariate Risk Aversion, Utility Independence and Separable Utility Functions
• Multivariate concave and convex stochastic dominance
• On multivariate prudence
• Precautionary saving in the presence of other risks
• Risk Aversion in the Small and in the Large
• Risk apportionment via bivariate stochastic dominance
• Risk aversion with two risks: a theoretical extension
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Substituting one risk increase for another: a method for measuring risk aversion

Cited in

(6)

• Comparative risk aversion with two risks
• Understanding and measuring bivariate risk attitude: What can we learn from concordance?
• Correlation aversion and bivariate stochastic dominance with respect to reference functions
• Risk apportionment via bivariate stochastic dominance
• Optimal combination of requirement and reward in financial incentive programs for weight loss
• Preference under risk in the presence of indistinguishable probabilities

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