Prudence probability premium
Prudence probability premium is defined in the risk apportionment model (Eeckhoudt and Schlesinger, 2006). For an increase in downside risk, we show sufficient conditions for comparing the probability premiums between two individuals when the apportioned risk is small and large.
Year of publication: |
2010
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Authors: | Jindapon, Paan |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 109.2010, 1, p. 34-37
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Publisher: |
Elsevier |
Keywords: | Probability premium Risk aversion Downside risk Prudence Risk apportionment |
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