Complete Monotonicity, Background Risk, and Risk Aversion.

This paper analyzes how the statistical properties of a risk affect the attitutde of individuals towards accepting another independent risk. We conduct the analysis for the class of increasing utility functions having all their derivatives with alternating sign.

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Year of publication:	1996
Authors:	Caballe, J ; Pomansky, A
Institutions:	Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona
Subject:	RISK \| DECISION MAKING \| UNCERTAINTY

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Series:	UFAE and IAE Working Papers.
Type of publication:	Book / Working Paper
Notes:	18 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005572168