Showing 1 - 10 of 267
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...
Persistent link: https://www.econbiz.de/10005585670
Persistent link: https://www.econbiz.de/10003629790
Persistent link: https://www.econbiz.de/10003010085
Persistent link: https://www.econbiz.de/10005592508
Persistent link: https://www.econbiz.de/10002685001
Persistent link: https://www.econbiz.de/10003075226
Persistent link: https://www.econbiz.de/10003835041
Persistent link: https://www.econbiz.de/10003423354
Persistent link: https://www.econbiz.de/10008664236
Persistent link: https://www.econbiz.de/10008664238