Risk preferences and changes in background risk

DOI10.1007/S11166-008-9031-3MaRDI QIDQ928719zbMATH OpenOpenAlexFDO

Authors Donald C. Keenan, Donald C. Rudow, Arthur Snow

Publication date 11 June 2008

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

Full work available at URL https://doi.org/10.1007/s11166-008-9031-3

zbMATH Keywords

Expected utilityPropernessRisk aversionStandardnessVulnerability

Mathematics Subject Classification ID

Recommendations

• Changes in Background Risk and Risk Taking Behavior
• Changes in multiplicative background risk and risk-taking behavior
• Risk Vulnerability and the Tempering Effect of Background Risk
• The effects of FSD changes in multiplicative background risk on risk-taking attitude
• Ross risk vulnerability for introductions and changes in background risk

Cites work

• Changes in Background Risk and Risk Taking Behavior
• Increasing risk: Some direct constructions
• Proper Risk Aversion
• Risk Vulnerability and the Tempering Effect of Background Risk
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Standard Risk Aversion
• The economics of risk and time

Cited in

(17)

• Complete monotonicity, background risk, and risk aversion
• Preserving preference rankings under background risk
• Changes in multiplicative background risk and risk-taking behavior
• When Ross meets Bell: the linex utility function
• Financial risk taking in the presence of correlated non-financial background risk
• Health care investment: the case of multiple sources of risk
• Convex and decreasing absolute risk aversion is proper
• Preserving the Rothschild-Stiglitz type of increasing risk with background risk
• Risk Attitudes Toward Small and Large Bets in the Presence of Background Risk*
• The effects of FSD changes in multiplicative background risk on risk-taking attitude
• Ross risk vulnerability for introductions and changes in background risk
• Decreasing ross risk aversion: higher-order generalizations and implications
• Changes in Background Risk and Risk Taking Behavior
• Risk Vulnerability and the Tempering Effect of Background Risk
• Preserving preference rankings under non-financial background risk
• Comparing utility derivative premia under additive and multiplicative risks
• Effects of background risks on cautiousness with an application to a portfolio choice problem

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