@techreport{Eeckhoudt2005Putting,
abstract = {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.},
author = {Louis Eeckhoudt and Harris Schlesinger},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D81; 330; properness; prudence; risk apportionment; risk aversion; stochastic dominance; temperance; utility premium; Risikoaversion; Risikopr\"{a}ferenz; Erwartungsnutzen; Theorie},
language = {eng},
number = {1462},
title = {Putting risk in its proper place},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18826},
year = {2005}
}
