all higher-order risk preferences of odd order imply skewness preference, but for different distributions than prudence …

all higher-order risk preferences of odd order imply skewness preference, but for different distributions than prudence …

precautionary saving motive, and to collect additional laboratory evidence on skewness preference and risk-seeking behavior. …

of how higher-order risk preferences relate to skewness preference and kurtosis aversion. While they are not based on … expected utility theory, an implication within that theory is that all commonly used utility functions exhibit skewness … preference and kurtosis aversion. Copyright Springer Science+Business Media New York 2013 …