Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32163
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dc.contributor.authorFranke, Günteren_US
dc.contributor.authorStapleton, Richard C.en_US
dc.contributor.authorSubrahmanyam, Marti G.en_US
dc.date.accessioned2005-12-14en_US
dc.date.accessioned2010-05-14T12:00:35Z-
dc.date.available2010-05-14T12:00:35Z-
dc.date.issued2005en_US
dc.identifier.piurn:nbn:de:bsz:352-opus-17918-
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_US
dc.language.isoengen_US
dc.publisher|aCoFE |cKonstanzen_US
dc.relation.ispartofseries|aDiscussion paper series // Zentrum für Finanzen und Ökonometrie, Universität Konstanz |x2005,08en_US
dc.subject.jelD52en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.titleIncremental risk vulnerabilityen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn50446809Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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