Left-Side strong increases in risk and their comparative statics

This paper introduces a new concept of left-side strong increases in risk (L-SIR) that extends the definition of strong increases in risk (SIR). We also provide somewhat stronger restrictive set of risk-averse decision-makers with a non-negative third derivative utility (prudence) to obtain an appealing comparative statics result for L-SIR. Copyright Kluwer Academic Publishers 2004

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Year of publication:	2004
Authors:	Ryu, Suyeol ; Kim, Iltae
Published in:	Theory and Decision. - Springer. - Vol. 57.2004, 1, p. 59-68
Publisher:	Springer
Subject:	left-side strong increases in risk \| prudence \| Rothschildâ€“Stiglitz increases in risk \| strong increases in risk

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005710951