Etner, J.; Jouvet, P.-A. - Centre de recherche de mathématiques et économie … - 1999
Kimball [1990] developps a theory of prudence isomorphic to Pratt [1964] and Arrow [1965] theory of risk aversion. Nevertheless, if the Arrow-Pratt risk aversion index determines behavior in risk, it is not always the case for prudence. Moreover, concept of prudence and precautionary behavior...