Malevergne, Yannick; Beatrice, Rey - HAL - 2009
Gollier and Pratt [Gollier, C., Pratt, J.W. 1996. Risk vulnerability and the tempering effect of background risk. Econometrica … 64, 1109–1124]. While risk vulnerability captures the idea that the presence of an unfair financial background risk …-risk vulnerability extends this idea to the impact of a non-financial background risk on the financial risk. It provides an answer to the …