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Apportioning of risks via stochastic dominance

Eeckhoudt, Louis R. (contributor); … - 2008

Consider a simple two-state risk with equal probabilities for the two states. In particular, assume that the random wealth variable Xi dominates Yi via ith-order stochastic dominance for i = M,N. We show that the 50-50 lottery [XN + YM, YN + XM] dominates the lottery [XN + XM, YN + YM] via (N +...

Persistent link: https://www.econbiz.de/10003790970

The value of a statistical life under ambiguity aversion

Treich, Nicolas (contributor) - 2008

Persistent link: https://www.econbiz.de/10003688959

Some consequences of correlation aversion in decision science

Denuit, Michel; Eeckhoudt, Louis R.; Rey, Béatrice - 2010

Persistent link: https://www.econbiz.de/10003964885

Apportioning of risks via stochastic dominance

Eeckhoudt, Louis R.; Schlesinger, Harris; Tsetlin, Ilia - In: Journal of economic theory 144 (2009) 3, pp. 994-1003

Persistent link: https://www.econbiz.de/10003856251

Greater downside risk aversion in the large

Keenan, Donald C.; Snow, Arthur - In: Journal of economic theory 144 (2009) 3, pp. 1092-1101

Persistent link: https://www.econbiz.de/10003856276

Stronger measures of higher-order risk attitudes

Denuit, Michel M.; Eeckhoudt, Louis R. - In: Journal of economic theory 145 (2010) 5, pp. 2027-2036

Persistent link: https://www.econbiz.de/10009157167

Greater prudence and greater downside risk aversion

Keenan, Donald C.; Snow, Arthur - In: Journal of economic theory 145 (2010) 5, pp. 2018-2026

Persistent link: https://www.econbiz.de/10009157168

Downside loss aversion : winner or loser?

Fortin, Ines; Hlouskova, Jaroslava - In: Mathematical methods of operations research 81 (2015) 2, pp. 181-233

Persistent link: https://www.econbiz.de/10010526371

Downside loss aversion : winner or loser?

Fortin, Ines; Hlouskova, Jaroslava - In: Mathematical methods of operations research 81 (2015) 2, pp. 181-233

Persistent link: https://www.econbiz.de/10010526379

Putting risk in its proper place

Eeckhoudt, Louis R. (contributor); … - 2005

This paper examines preferences towards particular classes of lottery pairs. We show how concepts such as prudence and temperance can be fully characterized by a preference relation over these lotteries. If preferences are defined in an expected-utility framework with differentiable utility, the...

Persistent link: https://www.econbiz.de/10002757998