Similar Search Results

Narrow search

Willingness to pay for risk reduction and risk aversion without the expected utility assumption

Langlais, Eric - In: Theory and decision : an international journal for … 59 (2005) 1, pp. 43-50

Persistent link: https://www.econbiz.de/10003227127

Les déterminants de la prime de risque sur les marchés financiers : "aversion pour le risque" versus "prudence"

Langlais, Eric - In: Finance : revue de l'Association Française de Finance 15 (1994) 1, pp. 35-53

Persistent link: https://www.econbiz.de/10001173372

A measure of the sensitivity of saving to interest rate uncertainty with non-expected preferences

Langlais, Eric - In: Economics letters 48 (1995) 3, pp. 325-330

Persistent link: https://www.econbiz.de/10001184802

Willingness to Pay for Risk Reduction and Risk Aversion without the Expected Utility Assumption

Langlais, Eric - 2011

Introducing minimal assumptions on the individual preferences, I show that the Willingness To Pay for both a FSD and SSD reduction of risk may always be described as the sum of a mean effect, a pure risk effect and a wealth effect. As a result, the WTP of a risk-averse decision maker may be...

Persistent link: https://www.econbiz.de/10014061355

Willingness to Pay for Risk Reduction and Risk Aversion Without the Expected Utility Assumption

Langlais, Eric - 2005

Persistent link: https://www.econbiz.de/10014067655

Willingness to Pay for Risk Reduction and Risk Aversion without the Expected Utility Assumption

Langlais, Eric - In: Theory and Decision 59 (2005) 1, pp. 43-50

By means of minimal assumptions on the individual preferences, I show that the Willingness To Pay (WTP) for both a FSD and SSD reduction of risk is the sum of a mean effect, a pure risk effect and a wealth effect. As a result, the WTP of a risk-averse decision maker may be lower than the WTP of...

Persistent link: https://www.econbiz.de/10005678341