Decreasing ross risk aversion: higher-order generalizations and implications

DOI10.1016/J.JMATECO.2014.02.002MaRDI QIDQ478131zbMATH OpenOpenAlexWikidataFDO

Authors Jian-Li Wang, Jingyuan Li

Publication date 3 December 2014

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2014.02.002

zbMATH Keywords

background riskrisk vulnerabilitydecreasing \(n\)-th Ross risk aversionone-switch utility function

Mathematics Subject Classification ID

Decision theory (91B06)

Recommendations

• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• A comparative characterization of higher-order Ross more risk aversion
• Comparative higher-degree Ross risk aversion
• Decreasing higher-order absolute risk aversion and higher-degree stochastic dominance
• The Ross Characterization of Risk Aversion: Strengthening and Extension
• Comparative ross risk aversion in the presence of mean dependent risks
• Downside risk aversion vs decreasing absolute risk aversion: an intuitive exposition
• Decreasing Risk Aversion and Mean-Variance Analysis
• Comparative higher-order risk aversion and higher-order prudence

Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• A note on comparative downside risk aversion
• Changes in Background Risk and Risk Taking Behavior
• Comparative higher-degree Ross risk aversion
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• Mixed risk aversion
• On the conditions for precautionary saving
• One-Switch Utility Functions and a Measure of Risk
• Risk Aversion in the Small and in the Large
• Risk Vulnerability and the Tempering Effect of Background Risk
• Risk preferences and changes in background risk
• Ross risk vulnerability for introductions and changes in background risk
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Strong one-switch utility
• Stronger measures of higher-order risk attitudes
• Substituting one risk increase for another: a method for measuring risk aversion
• The economics of risk and time
• The logic of partial-risk aversion: Paradox lost
• When Ross meets Bell: the linex utility function

Cited in

(10)

• Comparative ross risk aversion in the presence of mean dependent risks
• Decreasing downside risk aversion and background risk
• Comparative higher-degree Ross risk aversion
• Decreasing Risk Aversion and Mean-Variance Analysis
• Ross risk vulnerability for introductions and changes in background risk
• A note on the comparative statics approach to \(n\)th-degree risk aversion
• Comparing utility derivative premia under additive and multiplicative risks
• Higher-order risk vulnerability
• When Ross meets Bell: the linex utility function
• A comparative characterization of higher-order Ross more risk aversion

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