Some conditions for the equivalence between risk aversion, prudence and temperance

DOI10.1007/S11238-020-09745-5zbMATH Open1447.91056OpenAlexW3002073340MaRDI QIDQ2193071FDOQ2193071

Authors: Mario Menegatti, Marzia De Donno 

Publication date: 24 August 2020

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

Full work available at URL: https://doi.org/10.1007/s11238-020-09745-5

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zbMATH Keywords

risk aversionprudenceutility theorytemperance\(n\)th-degree risk aversion

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• Stochastic Dominance
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• On the conditions for precautionary saving
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• New results on the relationship among risk aversion, prudence and temperance
• New results on high-order risk changes
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• Increasing outer risk
• Changes in multiplicative risks and optimal portfolio choice: new interpretations and results
• On relative and partial risk attitudes: theory and implications
• Title not available (Why is that?)
• On the relationship between absolute prudence and absolute risk aversion
• The value of risk reduction: new tools for an old problem
• Risk aversion, prudence, and asset allocation: a review and some new developments

Cited In (7)

• More on parametric characterizations of risk aversion and prudence
• Preferences on discounting under time risk
• Prudence, temperance, edginess, and risk apportionment as decreasing sensitivity to detrimental changes
• Risk-aversion, prudence and temperance
• On temperance and risk spreading
• New results on the relationship among risk aversion, prudence and temperance
• On the relationship between comparisons of risk aversion of different orders

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