Background risk and self-protection

DOI10.1016/J.ECONLET.2011.10.018MaRDI QIDQ429154zbMATH OpenOpenAlexFDO

Authors Kangoh Lee

Publication date 26 June 2012

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2011.10.018

zbMATH Keywords

prudenceself-protectionbackground risk

Mathematics Subject Classification ID

Portfolio theory (91G10) Utility theory (91B16)

Recommendations

• Precautionary self-insurance-cum-protection
• Self-insurance, self-protection and increased risk aversion
• Risk aversion and self-insurance-cum-protection
• The impact of prudence on optimal prevention revisited
• Background risk, bivariate risk attitudes, and optimal prevention

Cites work

• Preservation of More risk averse under expectations
• Risk Aversion with Random Initial Wealth
• Risk aversion and self-insurance
• Risk aversion and self-insurance-cum-protection
• Self-insurance, self-protection and increased risk aversion
• Standard Risk Aversion

Cited in

(8)

• Do risk lovers invest in self-protection?
• How do changes in risk and risk aversion affect self-protection with Selden/Kreps-Porteus preferences?
• Conditional payments and self-protection
• Self-insurance, self-protection and increased risk aversion
• Self-protection with random costs
• Precautionary self-insurance-cum-protection
• Protection in numbers? Self-protection as a local public good
• Background risk, bivariate risk attitudes, and optimal prevention

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