Background risk in generalized expected utility theory

In this paper, it is shown that, for a wide range of risk-averse generalized expected utility preferences, independent risks are complementary, contrary to the results for expected utility preferences satisfying conditions such as proper and standard risk aversion. Copyright Springer-Verlag Berlin Heidelberg 2003

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Year of publication:	2003
Authors:	Quiggin, John
Published in:	Economic Theory. - Springer. - Vol. 22.2003, 3, p. 607-611
Publisher:	Springer
Subject:	Background risk \| Constant risk aversion \| Generalized expected utility theory

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Extent:	text/html
Type of publication:	Article
Classification:	D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005371060