The probability premium: a graphical representation

DOI10.1016/J.ECONLET.2015.08.029MaRDI QIDQ1667876zbMATH OpenOpenAlexFDO

Authors Louis Eeckhoudt, Roger J. A. Laevent

Publication date 31 August 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2015.08.029

zbMATH Keywords

expected utilityrisk aversionrisk premiumdual theoryprobability premium

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Recommendations

• Prudence probability premium
• One theory for two different risk premia
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• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence

Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• On the utility premium of Friedman and Savage
• Prudence probability premium
• Risk Aversion in the Small and in the Large
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Substituting one risk increase for another: a method for measuring risk aversion
• The Dual Theory of Choice under Risk
• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence

Cited in

(1)

• Prudence probability premium

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