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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18826
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Eeckhoudt, Louis | | en_US |
| dc.contributor.author | | Schlesinger, Harris | | en_US |
| dc.date.accessioned | | 2009-01-28T15:53:09Z | | - |
| dc.date.available | | 2009-01-28T15:53:09Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18826 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | CESifo working papers 1462 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | properness | | en_US |
| dc.subject.keyword | | prudence | | en_US |
| dc.subject.keyword | | risk apportionment | | en_US |
| dc.subject.keyword | | risk aversion | | en_US |
| dc.subject.keyword | | stochastic dominance | | en_US |
| dc.subject.keyword | | temperance | | en_US |
| dc.subject.keyword | | utility premium | | en_US |
| dc.subject.stw | | Risikoaversion | | en_US |
| dc.subject.stw | | Risikopräferenz | | en_US |
| dc.subject.stw | | Erwartungsnutzen | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Putting risk in its proper place | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 485196271 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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