Caroline, Berden; Hans, Peters - In: The B.E. Journal of Theoretical Economics 7 (2008) 1, pp. 1-18
The effect of replacing an agent in a two-person two-state finance economy by a more risk averse agent is studied. It is established under which conditions the other agent benefits or looses in equilibrium from dealing with a more risk averse agent. If one agent becomes more risk averse, then...
