For people interested in risk management, medical activity represents a stimulating field of study and thought. On the one hand, progress in medical knowledge and technology tends to reduce the risks to survival that individuals would face in the absence of appropriate diagnostic or therapeutic...

Mixed risk aversion (Caballe and Pomansky, 1996) defines the class of increasing utility functions that have derivatives alternating in sign, with positive odd derivatives and negative even derivatives. In this article, we characterize comparative mixed risk aversion so as to answer the...

An understanding of risk and how to deal with it is an essential part of modern economics. Whether liability litigation for pharmaceutical firms or an individual's having insufficient wealth to retire, risk is something that can be recognized, quantified, analyzed, treated--and incorporated into...