Eichner, Thomas; Wagener, Andreas - In: Mathematical Social Sciences 61 (2011) 2, pp. 109-113
We call an agent skewness affine if and only if his marginal willingness to accept a risk increases when the distribution of the risk becomes more skewed to the right. Skewness affinity is shown to be equivalent to the marginal rate of substitution between mean and variance of wealth being...