Putting risk in its proper place

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18826

Full metadata record

DC Field	Value	Language
dc.creator	Eeckhoudt, Louis	-
dc.creator	Schlesinger, Harris	-
dc.date	2005	-
dc.date.accessioned	2013-10-16T07:01:30Z	-
dc.date.available	2013-10-16T07:01:30Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/18826	-
dc.identifier	ppn:485196271	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18826	-
dc.description	This paper examines preferences towards particular classes of lottery pairs. We show how concepts such as prudence and temperance can be fully characterized by a preference relation over these lotteries. If preferences are defined in an expected-utility framework with differentiable utility, the direction of preference for a particular class of lottery pairs is equivalent to signing the nth derivative of the utility function. What makes our characterization appealing is its simplicity, which seems particularly amenable to experimentation.	-
dc.language	eng	-
dc.publisher		-
dc.relation	CESifo working papers 1462	-
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen	-
dc.subject	D81	-
dc.subject	ddc:330	-
dc.subject	properness	-
dc.subject	prudence	-
dc.subject	risk apportionment	-
dc.subject	risk aversion	-
dc.subject	stochastic dominance	-
dc.subject	temperance	-
dc.subject	utility premium	-
dc.subject	Risikoaversion	-
dc.subject	Risikopräferenz	-
dc.subject	Erwartungsnutzen	-
dc.subject	Theorie	-
dc.title	Putting risk in its proper place	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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