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https://hdl.handle.net/10419/18826
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Eeckhoudt, Louis | en |
dc.contributor.author | Schlesinger, Harris | en |
dc.date.accessioned | 2009-01-28T15:53:09Z | - |
dc.date.available | 2009-01-28T15:53:09Z | - |
dc.date.issued | 2005 | - |
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 isequivalent to signing the nth derivative of the utility function. What makes our characterization appealing is its simplicity, which seems particularly amenable to experimentation. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1462 | en |
dc.subject.jel | D81 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | properness | en |
dc.subject.keyword | prudence | en |
dc.subject.keyword | risk apportionment | en |
dc.subject.keyword | risk aversion | en |
dc.subject.keyword | stochastic dominance | en |
dc.subject.keyword | temperance | en |
dc.subject.keyword | utility premium | en |
dc.subject.stw | Risikoaversion | en |
dc.subject.stw | Risikopräferenz | en |
dc.subject.stw | Erwartungsnutzen | en |
dc.subject.stw | Theorie | en |
dc.title | Putting risk in its proper place | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 485196271 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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