Supermodularity and the Comparative Statics of Risk

In this article, it is shown that a wide range of comparative statics results from expected utility theory can be extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent representations of preferences. Copyright Springer Science+Business Media, LLC 2007

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Year of publication:	2007
Authors:	Quiggin, John ; Chambers, Robert
Published in:	Theory and Decision. - Springer. - Vol. 62.2007, 2, p. 97-117
Publisher:	Springer
Subject:	supermodularity \| comparative statics \| risk

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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