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Variance stochastic orders
Gollier, Christian - 2017
Persistent link: https://www.econbiz.de/10012266355
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Attitudes towards income risk in the presence of quantity constraints
Schroyen, Fred - In: The Geneva risk and insurance review 38 (2013) 2, pp. 183-209
Persistent link: https://www.econbiz.de/10010227373
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Preferences and Increased Risk Aversion under a General Framework of Stochastic Dominance
Donald C., Rudow - Volkswirtschaftliche Fakultät, … - 2005
measure of prudence. These bounds are found through second-degree spreads of a transformation of the background risk. The … of terms involving absolute prudence and absolute temperance. Once a general set of necessary and sufficient conditions …
Persistent link: https://www.econbiz.de/10011115503
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Adam Smith on lotteries: an interpretation and formal restatement
Bréban, Laurie; Lapidus, André - HAL - 2013
generate prudence before being transformed into risk-aversion. …
Persistent link: https://www.econbiz.de/10010899316
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The consumption-based determinants of the term structure of discount rates
Gollier, Christian - 2005
The efficient rate of return of a zero-coupon bond with maturity t is determined by our expectations about the mean (+), variance (-) and skewness (+) of the growth of aggregate consumption between 0 and t. The shape of the yield curve is thus determined by how these moments vary with t. We...
Persistent link: https://www.econbiz.de/10010261120
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Changes in risk and the demand for saving
Eeckhoudt, Louis; Schlesinger, Harris - 2008
-income risk, second-degree increases in risk require prudence to induce increased saving demand. However, prudence is not …
Persistent link: https://www.econbiz.de/10010264428
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Changes in Risk and the Demand for Saving
Eeckhoudt, Louis; Schlesinger, Harris - CESifo - 2008
-income risk, second-degree increases in risk require prudence to induce increased saving demand. However, prudence is not …
Persistent link: https://www.econbiz.de/10005406279
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The impact of prudence on optimal prevention
Eeckhoudt, Louis; Gollier, Christian - In: Economic Theory 26 (2005) 4, pp. 989-994
the literature on this question focused on risk aversion, we show that the concept of prudence (i.e., a positive third … derivative of the utility function) is essential to answer this question. We explain in this paper that prudence and prevention …
Persistent link: https://www.econbiz.de/10005371112
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The Consumption-Based Determinants of the Term Structure of Discount Rates
Gollier, Christian - CESifo - 2005
The efficient rate of return of a zero-coupon bond with maturity <i>t</i> is determined by our expectations about the mean (+), variance (-) and skewness (+) of the growth of aggregate consumption between 0 and <i>t</i>. The shape of the yield curve is thus determined by how these moments vary with <i>t</i>. We...
Persistent link: https://www.econbiz.de/10005094448
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On the concavity and quasiconcavity properties of (σ,μ) utility functions
Lajeri-Chaherli, Fatma - In: Bulletin of economic research 68 (2016) 3, pp. 287-296
Persistent link: https://www.econbiz.de/10011502796