A Diamond-Stiglitz approach to the demand for self-protection

DOI10.1007/S11166-010-9107-8MaRDI QIDQ625693zbMATHOpenAlexFDO

Authors Donald J. Meyer, Jack Meyer

Publication date 25 February 2011

Published in Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11166-010-9107-8

zbMATH Keywords

risk aversionprudencepreventiondecreasing risk aversionself protection

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

Recommendations

• Risk and self-protection: A state-contingent view
• Self-protection with random costs
• Risk aversion and self-insurance-cum-protection
• Self-protection and insurance with interdependencies
• Endogeneous Protection, Factor Returns and Resource Allocation
• Self-insurance, self-protection and increased risk aversion
• Comparative mixed risk aversion: Definition and application to self-protection and willingness to pay
• Ambiguity aversion and the propensities for self-insurance and self-protection

Cites work

• Degree of downside risk aversion and self-protection
• Representing risk preferences in expected utility based decision models
• Self-insurance, self-protection and increased risk aversion
• The impact of prudence on optimal prevention

Cited in

(6)

• Do risk lovers invest in self-protection?
• Prevention efforts, insurance demand and price incentives under coherent risk measures
• Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention
• Protection in numbers? Self-protection as a local public good
• The family of alpha,[a,b] stochastic orders: risk vs. expected value
• The impact of ambiguity and prudence on prevention decisions

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