Comparative Risk Aversion under Background Risk Revisited
Joint Authors
Ohnishi, Masamitsu
Osaki, Yusuke
Source
Economics Research International
Issue
Vol. 2010, Issue 2010 (31 Dec. 2010), pp.1-5, 5 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-01-20
Country of Publication
Egypt
No. of Pages
5
Main Subjects
Topics
Abstract EN
This paper determines a new sufficient condition of the (von Neumann-Morgenstern) utility function that preserves comparative risk aversion under background risk.
It is the single crossing condition of risk aversion.
Because this condition requires monotonicity in the local sense, it may satisfy the U-shaped risk aversion observed in the recent empirical literature.
American Psychological Association (APA)
Ohnishi, Masamitsu& Osaki, Yusuke. 2011. Comparative Risk Aversion under Background Risk Revisited. Economics Research International،Vol. 2010, no. 2010, pp.1-5.
https://search.emarefa.net/detail/BIM-452323
Modern Language Association (MLA)
Ohnishi, Masamitsu& Osaki, Yusuke. Comparative Risk Aversion under Background Risk Revisited. Economics Research International No. 2010 (2010), pp.1-5.
https://search.emarefa.net/detail/BIM-452323
American Medical Association (AMA)
Ohnishi, Masamitsu& Osaki, Yusuke. Comparative Risk Aversion under Background Risk Revisited. Economics Research International. 2011. Vol. 2010, no. 2010, pp.1-5.
https://search.emarefa.net/detail/BIM-452323
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-452323
