A Note on Sufficient Conditions of Cross Risk Vulnerability

This note gives sufficient conditions of cross risk vulnerability introduced by Malevergne and Rey (2005), which is the equivalent condition to guarantee that an unfair non-monetary background risk makes decision makers more risk averse. The sufficient conditions determined by this note expand the results for univariate utility function into bivariate utility functions.

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Year of publication:	2006-06
Authors:	Osaki, Yusuke
Institutions:	Graduate School of Economics, Osaka University
Subject:	Background risk \| cross risk vulnerabiilty \| risk aversion

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Extent:	application/pdf
Series:	Discussion Papers in Economics and Business.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 06-17 9 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005773317