Jouini, Elyès; Napp, Clotilde; Nocetti, Diego - In: Journal of Risk and Uncertainty 47 (2013) 2, pp. 199-224
We study comparative statics of Nth-degree risk increases 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 …