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Apportioning of risks via stochastic dominance

Eeckhoudt, Louis; Schlesinger, Harris; Tsetlin, Ilia - 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/10010264492

Putting risk in its proper place

Eeckhoudt, Louis; Schlesinger, Harris - 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/10010271070

Changes in background risk and risk taking behavior

Eeckhoudt, Louis R.; Gollier, Christian; Schlesinger, Harris - 1992

Persistent link: https://www.econbiz.de/10000843042

Putting risk in its proper place

Eeckhoudt, Louis R.; Schlesinger, Harris - In: The American economic review 96 (2006) 1, pp. 280-289

Persistent link: https://www.econbiz.de/10003311829

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

On the utility premium of Friedman and Savage

Eeckhoudt, Louis R.; Schlesinger, Harris - In: Economics letters 105 (2009) 1, pp. 46-48

Persistent link: https://www.econbiz.de/10003899348

Risk appointment and stochastic dominance

Eeckhoudt, Louis R. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003592031

Precautionary insurance demand with state-dependent background risk

Fei, Wenan; Schlesinger, Harris - In: The journal of risk and insurance : the journal of the … 75 (2008) 1, pp. 1-16

Persistent link: https://www.econbiz.de/10003686757

On the utility premium of Friedman and Savage

Eeckhoudt, Louis R.; Schlesinger, Harris - In: 33rd Seminar of the European Group of Risk and …, (pp. 6-20). 2007

Persistent link: https://www.econbiz.de/10003506300

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

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