Consistency of higher order risk preferences

DOI10.3982/ECTA11396zbMATH Open1419.91287OpenAlexW1835628518MaRDI QIDQ4615894FDOQ4615894

Authors: Harris Schlesinger, Cary A. Deck 

Publication date: 29 January 2019

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta11396

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zbMATH Keywords

prudencerisk apportionmentlaboratory experimentsmixed risk aversiontemperanceedginessmixed risk loving

Mathematics Subject Classification ID

Utility theory (91B16) Experimental studies (91A90)

Cited In (26)

• Risk aversion with two risks: a theoretical extension
• Variance stochastic orders
• Stochastic volatility implies fourth-degree risk dominance: applications to asset pricing
• Nonmonotonic risk preferences over lottery comparison
• Moment Risks: Investment for Self and for a Firm
• On the predictions of cumulative prospect theory for third and fourth order risk preferences
• Moment characterization of higher-order risk preferences
• Preferences on discounting under time risk
• Precautionary risk-reduction and saving decisions: two sides of the same coin?
• Exploring higher order risk effects
• A general theory of risk apportionment
• A note on the comparative statics approach to \(n\)th-degree risk aversion
• Policyholder Exercise Behavior in Life Insurance: The State of Affairs
• New results for additive and multiplicative risk apportionment
• Risk aversion, downside risk aversion, and the transition to entrepreneurship
• Risk apportionment: the dual story
• Risk preference heterogeneity in group contests
• Optimal combination of requirement and reward in financial incentive programs for weight loss
• A note on changes in additive risky benefits and risky costs
• Greater Arrow-Pratt (absolute) risk aversion of higher orders
• Observing different orders of risk aversion
• Precautionary paying for stochastic improvements under background risks
• The multiple priors of the open-minded decision maker
• Stronger measures of higher-order risk attitudes
• Self-protection with random costs
• Cross-domain decision making with parameter transfer based on value function

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