When can expected utility handle first-order risk aversion?
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Publication:472207
DOI10.1016/j.jet.2014.09.019zbMath1309.91052OpenAlexW3125207636WikidataQ59356396 ScholiaQ59356396MaRDI QIDQ472207
Publication date: 19 November 2014
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://commons.ln.edu.hk/cgi/viewcontent.cgi?article=3445&context=sw_master
expected utility theoryequity premium puzzlebackground riskconsumption risk in business cyclesfirst-order conditional dependent risk aversionrank-dependent expected utility model
Related Items (6)
Risk aversion with two risks: a theoretical extension ⋮ Confidence band for expectation dependence with applications ⋮ Financial risk taking in the presence of correlated non-financial background risk ⋮ Preserving the Rothschild-Stiglitz type of increasing risk with background risk ⋮ The participation puzzle with reference-dependent expected utility preferences ⋮ Diversification and risk attitudes toward two risks
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