Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32163 
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dc.contributor.authorFranke, Günteren
dc.contributor.authorStapleton, Richard C.en
dc.contributor.authorSubrahmanyam, Marti G.en
dc.date.accessioned2005-12-14-
dc.date.accessioned2010-05-14T12:00:35Z-
dc.date.available2010-05-14T12:00:35Z-
dc.date.issued2005-
dc.identifier.piurn:nbn:de:bsz:352-opus-17918en
dc.identifier.urihttp://hdl.handle.net/10419/32163-
dc.description.abstractWe present a necessary and sufficient condition on an agent's utility function for a simple mean preserving spread in an independent background risk to increase the agent's risk aversion (incremental risk vulnerability). Gollier and Pratt (1996) have shown that declining and convex risk aversion as well as standard risk aversion are sufficient for risk vulnerability. We show that these conditions are also sufficient for incremental risk vulnerability. In addition, we present sufficient conditions for a restricted set of stochastic increases in an independent background risk to increase risk aversion.en
dc.language.isoengen
dc.publisher|aUniversity of Konstanz, Center of Finance and Econometrics (CoFE) |cKonstanzen
dc.relation.ispartofseries|aCoFE Discussion Paper |x05/08en
dc.subject.jelD52en
dc.subject.jelD81en
dc.subject.ddc330en
dc.titleIncremental risk vulnerability-
dc.type|aWorking Paperen
dc.identifier.ppn50446809Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cofedp:0508-

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