New results on the relationship among risk aversion, prudence and temperance

DOI10.1016/j.ejor.2013.08.003zbMath1305.91152OpenAlexW2038604359MaRDI QIDQ2255984

Mario Menegatti

Publication date: 18 February 2015

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2013.08.003

zbMATH Keywords

risk analysisdecision analysisprudencerisk aversionutility theorytemperance

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Individual preferences (91B08)

Related Items (12)

New results on high-order risk changes ⋮ Loss-averse preferences and portfolio choices: an extension ⋮ On temperance and risk spreading ⋮ Some conditions for the equivalence between risk aversion, prudence and temperance ⋮ Prevention in two‐period time and its extension health risk model ⋮ New results for additive and multiplicative risk apportionment ⋮ A note on portfolio selection and stochastic dominance ⋮ How do changes in risk and risk aversion affect self-protection with Selden/Kreps-Porteus preferences? ⋮ Sometimes more, sometimes less: prudence and the diversification of risky insurance coverage ⋮ Risk aversion, downside risk aversion, and the transition to entrepreneurship ⋮ Changes in multiplicative risks and optimal portfolio choice: new interpretations and results ⋮ On the relationship between comparisons of risk aversion of different orders

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