Economic Consequences of Nth-Degree Risk Increases and Nth-Degree Risk Attitudes

dc.contributor.author	Nocetti, Diego
dc.contributor.author	Napp, Clotilde HAL ID: 741006 ORCID: 0000-0002-7008-5949
dc.contributor.author	Jouini, Elyès HAL ID: 6654
dc.date.accessioned	2013-03-07T13:50:38Z
dc.date.available	2013-03-07T13:50:38Z
dc.date.issued	2012-05
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/11094
dc.language.iso	en	en
dc.subject	Decision making	en
dc.subject	Relative Risk Aversion	en
dc.subject.ddc	332	en
dc.subject.classificationjel	D81	en
dc.title	Economic Consequences of Nth-Degree Risk Increases and Nth-Degree Risk Attitudes	en
dc.type	Communication / Conférence
dc.contributor.editoruniversityother	Clarkson University, Potsdam, NY;États-Unis
dc.description.abstracten	We study comparative statics of Nth-degree risk increases, as de ned by Ekern (1980), within a large class of problems that involve bidimensional payoffs and additive or multiplicative risks. We establish necessary and sufficient conditions for unambiguous impact of Nth-degree risk increases on optimal decision making. We develop a simple and intuitive approach to interpret these conditions : novel notions of directional Nth-degree risk aversion that are characterized via preferences over lotteries.	en
dc.identifier.citationpages	24	en
dc.subject.ddclabel	Economie financière	en
dc.relation.conftitle	39th Seminar of the European Group of Risk and Insurance Economists (EGRIE)	en
dc.relation.confdate	2012-09
dc.relation.confcity	Palma de Mallorca	en
dc.relation.confcountry	Espagne	en

Related items