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

DOI10.1007/S11166-010-9107-8zbMATH Open1208.91047OpenAlexW2086635654MaRDI QIDQ625693FDOQ625693

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

Recommendations

• Risk and self-protection: A state-contingent view
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• 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

zbMATH Keywords

risk aversionprudencepreventiondecreasing risk aversionself protection

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (6)

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

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