Alternative Approaches to Comparative nth-Degree Risk Aversion

References

• Andreoni J, Sprenger C (2011) Uncertainty equivalents: Testing the limits of the independence axiom. NBER Working Paper No. 17342, National Bureau of Economic Research, Cambridge, MA.Google Scholar
• Brockett PL, Golden LL (1987) A class of utility functions containing all the common utility functions. Management Sci. 33(8):955–964.Link, Google Scholar
• Caballe J, Pomansky A (1996) Mixed risk aversion. J. Econom. Theory 71(2):485–513.Crossref, Google Scholar
• Callen M, Isaqzadeh M, Long JD, Sprenger C (2014) Violence and risk preference: Experimental evidence from Afghanistan. Amer. Econom. Rev. 104(1):123–148.Crossref, Google Scholar
• Chiu WH (2005) Degree of downside risk aversion and self-protection. Insurance, Math., Econom. 36(1):93–101.Crossref, Google Scholar
• Crainich D, Eeckhoudt L (2008) On the intensity of downside risk aversion. J. Risk Uncertainty 36(3):267–276.Crossref, Google Scholar
• Crainich D, Eeckhoudt L (2011) Three measures of the intensity of temperance. Working paper, IESEG School of Management, Lille, France.Google Scholar
• Crainich D, Eeckhoudt L, Menegatti M (2016) Changing risks and optimal effort. J. Econom. Behav. Organ. 125(May):97–106.Crossref, Google Scholar
• Deck C, Schlesinger H (2010) Exploring higher-order risk effects. Rev. Econom. Stud. 77(4):1403–1420.Crossref, Google Scholar
• Deck C, Schlesinger H (2014) Consistency of higher order risk preferences. Econometrica 82(5):1913–1943.Crossref, Google Scholar
• Denuit M, Eeckhoudt L (2010) Stronger measures of higher-order risk attitudes. J. Econom. Theory 145(5):2027–2036.Crossref, Google Scholar
• Denuit M, De Vylder E, Lefevre C (1999) Extremal generators and extremal distributions for the continuous s-convex stochastic orderings. Insurance, Math., Econom. 24(3):201–217.Crossref, Google Scholar
• Denuit M, Eeckhoudt L, Liu L, Meyer J (2016) Tradeoffs for downside risk averse decision makers and the self-protection decision. Geneva Risk Insurance Rev. 41(1):19–47.Crossref, Google Scholar
• Dreze JH, Modigliani F (1972) Consumption decision under uncertainty. J. Econom. Theory 5(3):308–335.Crossref, Google Scholar
• Ebert S, Wiesen D (2011) Testing for prudence and skewness seeking. Management Sci. 57(7):1334–1349.Link, Google Scholar
• Ebert S, Wiesen D (2014) Joint measurement of risk aversion, prudence, and temperance. J. Risk Uncertainty 48(3):231–252.Crossref, Google Scholar
• Eckel C, Grossman P (2002) Sex differences and statistical stereotyping in attitudes toward financial risk. Evolution Human Behav. 23(4):281–295.Crossref, Google Scholar
• Eeckhoudt L, Gollier C (2005) The impact of prudence on optimal prevention. Econom. Theory 26(4):989–994.Crossref, Google Scholar
• Eeckhoudt L, Laeven R (2015) The probability premium: A graphical representation. Econom. Lett. 136(November):39–41.Crossref, Google Scholar
• Eeckhoudt L, Schlesinger H (2006) Putting risk in its proper place. Amer. Econom. Rev. 96(1):280–289.Crossref, Google Scholar
• Eeckhoudt L, Schlesinger H (2008) Changes in risk and the demand for saving. J. Monetary Econom. 55(7):1329–1336.Crossref, Google Scholar
• Eeckhoudt L, Huang R, Tzeng L (2012) Precautionary effort: A new look. J. Risk Insurance 79(2):585–590.Crossref, Google Scholar
• Ekern S (1980) Increasing Nth degree risk. Econom. Lett. 6(4):329–333.Crossref, Google Scholar
• Grossman P, Eckel C (2015) Loving the long shot: Risk taking with skewed lotteries. J. Risk Uncertainty 51(3):195–217.Crossref, Google Scholar
• Holt C, Laury S (2002) Risk aversion and incentive effects. Amer. Econom. Rev. 92(5):1644–1655.Crossref, Google Scholar
• Huang J, Stapleton R (2015) The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence. Econom. Lett. 134(September):34–36.Crossref, Google Scholar
• Jindapon P (2010) Prudence probability premium. Econom. Lett. 109(1):34–37.Crossref, Google Scholar
• Jindapon P, Neilson W (2007) Higher-order generalizations of Arrow-Pratt and Ross risk aversion: A comparative statics approach. J. Econom. Theory 136(1):719–728.Crossref, Google Scholar
• Jouini E, Napp C, Nocetti D (2013) Economic consequences of Nth-degree risk increases and Nth-degree risk attitudes. J. Risk Uncertainty 47(2):199–224.Crossref, Google Scholar
• Keenan D, Snow A (2009) Greater downside risk aversion in the large. J. Econom. Theory 144(3):1092–1101.Crossref, Google Scholar
• Keenan D, Snow A (2016) Strong increases in downside risk aversion. Geneva Risk Insurance Rev. 41(2):149–161.Crossref, Google Scholar
• Keenan D, Snow A (2017) Greater parametric downside risk aversion. J. Math. Econom. 71(August):119–128.Crossref, Google Scholar
• Kimball M (1990) Precautionary saving in the small and in the large. Econometrica 58(1):53–73.Crossref, Google Scholar
• Leland HE (1968) Saving and uncertainty: The precautionary demand for saving. Quart. J. Econom. 82(3):465–473.Crossref, Google Scholar
• Li J (2009) Comparative higher-degree Ross risk aversion. Insurance, Math., Econom. 45(3):333–336.Crossref, Google Scholar
• Li J, Liu L (2014) The monetary utility premium and interpersonal comparisons. Econom. Lett. 125(2):257–260.Crossref, Google Scholar
• Liu L (2014) Precautionary saving in the large: nth degree deteriorations in future income. J. Math. Econom. 52(May):169–172.Crossref, Google Scholar
• Liu L, Meyer J (2012) Decreasing absolute risk aversion, prudence and increased downside risk aversion. J. Risk Uncertainty 44(3):243–260.Crossref, Google Scholar
• Liu L, Meyer J (2013) Substituting one risk increase for another: A method for measuring risk aversion. J. Econom. Theory 148(6):2706–2718.Crossref, Google Scholar
• Machina MJ, Neilson WS (1987) The Ross characterization of risk aversion: Strengthening and extension. Econometrica 55(5):1139–1149.Crossref, Google Scholar
• Maier J, Ruger M (2011) Experimental evidence on higher-order risk preferences with real monetary losses. Working paper, University of Munich, Munich, Germany.Google Scholar
• Menegatti M (2009) Optimal prevention and prudence in a two period model. Math. Soc. Sci. 58(3):393–397.Crossref, Google Scholar
• Menegatti M (2015) New results on higher-order risk changes. Eur. J. Oper. Res. 243(2):678–681.Crossref, Google Scholar
• Menezes C, Geiss C, Tressler J (1980) Increasing downside risk. Amer. Econom. Rev. 70(5):921–932.Google Scholar
• Modica S, Scarsini M (2005) A note on comparative downside risk aversion. J. Econom. Theory 122(2):267–271.Crossref, Google Scholar
• Nocetti D (2016) Robust comparative statics of risk changes. Management Sci. 62(5):1381–1392.Link, Google Scholar
• Noussair C, Trautmann S, Van De Kuilen G (2014) Higher order risk attitudes, demographics, and financial decisions. Rev. Econom. Stud. 81(1):325–355.Crossref, Google Scholar
• Peter R (2017) Optimal self-protection in two periods: On the role of endogenous saving. J. Econom. Behav. Organ. 137(May):19–36.Crossref, Google Scholar
• Pratt J (1964) Risk aversion in the small and in the large. Econometrica 32(1/2):122–136.Crossref, Google Scholar
• Ross SA (1981) Some stronger measures of risk aversion in the small and in the large with applications. Econometrica 49(3):621–638.Crossref, Google Scholar
• Rothschild M, Stiglitz J (1970) Increasing risk I: A definition. J. Econom. Theory 2(3):225–243.Crossref, Google Scholar
• Sandmo A (1970) The effect of uncertainty on saving decisions. Rev. Econom. Stud. 37(3):353–360.Crossref, Google Scholar
• Wang H, Wang J, Li J, Xia X (2015) Precautionary paying for stochastic improvements under background risks. Insurance, Math., Econom. 64(September):180–185.Crossref, Google Scholar
• Watt R (2011) A note on greater downside risk aversion. Working Paper No. 17/2011, ICER, Turin, Italy.Google Scholar
• Watt R, Vazquez FJ (2013) Allocative downside risk aversion. Internat. J. Econom. Theory 9(4):267–277.Crossref, Google Scholar