Risk-aversion, prudence and temperance

DOI10.1016/0165-1765(94)00636-GzbMATH Open0900.90206MaRDI QIDQ672909FDOQ672909

Authors Christian Gollier, Thierry Schneider, Louis Eeckhoudt 

Publication date 28 February 1997

Published in Economics Letters (Search for Journal in Brave)

zbMATH Keywords

PrudenceTemperanceTranslation of an increase in risk

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

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Cites work

• Necessary conditions for comparative statics under uncertainty
• Standard Risk Aversion

Cited in

(29)

• Increasing outer risk
• Variance stochastic orders
• Proper Risk Aversion
• THE DEMAND FOR A RISKY ASSET: SIGNING, JOINTLY AND SEPARATELY, THE EFFECTS OF THREE DISTRIBUTIONAL SHIFTS
• The principle of strong diminishing transfer
• Idiosyncratic risk and the equity premium
• Some conditions for the equivalence between risk aversion, prudence and temperance
• Increases in prudence and increases in risk aversion
• Young, timid, and risk takers
• Title not available (Why is no real title available?)
• Prudence, temperance, edginess, and risk apportionment as decreasing sensitivity to detrimental changes
• A \textit{meta}-measure of performance related to both investors and investments characteristics
• Differentiability of von Neumann-Morgenstern utility functions
• A general theory of risk apportionment
• Mixed risk aversion and preference for risk disaggregation: a story of moments
• The economics of adding and subdividing independent risks: Some comparative statics results
• The consumption-based determinants of the term structure of discount rates
• Risk apportionment: the dual story
• Inventory and pricing decisions when dealing with strategic consumers: a comprehensive analysis
• The optimal contract under adverse selection in a moral-hazard model with a risk-averse agent
• The values of relative risk aversion and prudence: a context-free interpretation
• On the relationship between absolute prudence and absolute risk aversion
• Constant risk aversion
• On temperance and risk spreading
• Higher order risk attitudes, demographics, and financial decisions
• New results on the relationship among risk aversion, prudence and temperance
• On non-monetary measures in the face of risks and the signs of the derivatives
• Characterizing cautious choice
• Stochastically dominating shifts and the competitive firm

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