Collective risk aversion

DOI10.1007/S00355-011-0611-9MaRDI QIDQ2452259zbMATH OpenOpenAlexFDO

Authors Clotilde Napp, Elyès Jouini, Diego C. Nocetti

Publication date 2 June 2014

Published in Social Choice and Welfare (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00355-011-0611-9

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Recommendations

• Standard risk aversion and efficient risk sharing
• When does aggregation reduce risk aversion?
• Representative consumer's risk aversion and efficient risk-sharing rules
• Risk-sharing CARA individuals are collectively EU
• Evolutionary foundation for heterogeneity in risk aversion

Cites work

• A Note on Portfolio Dominance
• Are groups more (or less) consistent than individuals?
• Demand for risky financial assets: A portfolio analysis
• Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance
• On Abel's concept of doubt and pessimism
• Representative consumer's risk aversion and efficient risk-sharing rules
• Risk Aversion in the Small and in the Large
• Wealth inequality and asset pricing
• Whom should we believe? aggregation of heterogeneous beliefs

Cited in

(9)

• When does aggregation reduce risk aversion?
• Socially interdependent risk taking
• Collective Approaches to Risk in Business: An Introduction to Plural Rationality Theory
• Standard risk aversion and efficient risk sharing
• Risk perception with imperfect information and social interactions: Understanding group polarization
• Risk aversion and self-insurance
• Possibilistic risk aversion in group decisions: theory with application in the insurance of giga-investments valued through the fuzzy pay-off method
• Optimal collective investment: an analysis of individual welfare
• Risk averse decision making under catastrophic risk

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