Changes in Background Risk and Risk Taking Behavior

From MaRDI portal
Publication:4883108

DOI10.2307/2171866zbMath0849.90002OpenAlexW2074142241MaRDI QIDQ4883108

Christian Gollier, Harris Schlesinger, Louis R. Eeckhoudt

Publication date: 1 July 1996

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://www.cesifo.org/DocDL/ces_wp19.pdf




Related Items (57)

Risk aversion with two risks: a theoretical extensionOptimal risk sharing with background riskFrom poverty measurement to the measurement of downside riskPrecautionary saving in the presence of other risksSourcing decision under interconnected risks: an application of mean-variance preferences approachTalents, preferences and income inequalityOn the nature of certainty equivalent functionalsRisk taking with background risk under recursive rank-dependent utilityFinancial risk taking in the presence of correlated non-financial background riskProper prudence, standard prudence and precautionary vulnerabilityEffects of mortality risk on risk-taking behaviorCorrelated risks, bivariate utility and optimal choicesDecreasing downside risk aversion and background riskChanges in multiplicative background risk and risk-taking behaviorSome conditions for the equivalence between risk aversion, prudence and temperanceComparing utility derivative premia under additive and multiplicative risksGreater Arrow-Pratt (absolute) risk aversion of higher ordersExcluded losses and the demand for insuranceComparative statics under uncertainty: The case of mean-variance preferences.Possibilistic risk aversion in group decisions: theory with application in the insurance of giga-investments valued through the fuzzy pay-off methodRisk taking with additive and multiplicative background risksOptimal prevention and other risks in a two-period modelWhen Ross meets Bell: the linex utility functionOptimal Portfolio Selection for an Investor with Asymmetric Attitude to Gains and LossesRoss risk vulnerability for introductions and changes in background riskComparative ross risk aversion in the presence of mean dependent risksOptimal insurance under multiple sources of risk with positive dependenceGeneral Stochastic Dominance RulesRisk preferences and changes in background riskOn cross-risk vulnerabilityDecreasing ross risk aversion: higher-order generalizations and implicationsPortfolio choice under noisy asset returnsHigher-order risk vulnerabilityThe power of money: wealth effects in contestsHealth and portfolio choices: a diffidence approachExplicit solutions to an optimal portfolio choice problem with stochastic incomeThe effect of the background risk in a simple chance improving decision modelNew results on the relationship among risk aversion, prudence and temperancePrudence in bargaining: The effect of uncertainty on bargaining outcomesStochastic dominance and optimal portfolioBasic risk aversionLeft-side strong increases in risk and their comparative staticsSlutzky equations and substitution effects of risks in terms of mean-variance preferencesSometimes more, sometimes less: prudence and the diversification of risky insurance coverageOptimal Ramsey taxation with endogenous risk aversionPrudence and risk vulnerability in two-moment decision modelsBringing order to rankings of utility functions by strong increases in \(n\)th order aversion to riskPayoffs-Beliefs Duality and the Value of InformationPossibilistic Risk Aversion and Coinsurance ProblemA Risk Approach by Credibility TheoryOptimal saving in the presence of two risksComplete monotonicity, background risk, and risk aversionDickman approximation in simulation, summations and perpetuitiesOptimal saving and health preventionDisentangling intertemporal substitution and risk aversion under the expected utility theoremConvex and decreasing absolute risk aversion is properMeasures of risk attitude: correspondences between mean-variance and expected-utility approaches




This page was built for publication: Changes in Background Risk and Risk Taking Behavior