This paper shows that the precautionary premium embodies a tradeoff between risk and downside risk. It is the size of a mean-preserving spread for thish the strength of aversion to risk just offsets the strength of aversion to downside risk. Using this result, decreasing absolute prudence can be...

This paper shows that the precautionary premium embodies a tradeoff between risk and downside risk. It is the size of a mean-preserving spread for thish the strength of aversion to risk just offsets the strength of aversion to downside risk. Using this result, decreasing absolute prudence can be...

This study sought to measure the impacts of five parasitic diseases on (1) mortality and natality, (2) school attendance and academic performance of children, (3) labor productivity on a rural plantation, and in an urban light‐manufacturing plant — all in St. Lucia, West Indies.