Many of the most significant risks that people face in their lives are left-skewed, i.e., imply large losses with only small probability. I characterize skewness in binary risks, which are widely applied in both economic models and experiments. Moreover, I provide an explicit re-parametrization...

This article presents a characterization of higher-order risk preferences such as prudence or temperance in terms of statistical moments. Our results, which are generalizations of Roger (Theory Decis, 70(1):27–44, <CitationRef CitationID="CR4">2011</CitationRef>) and Ekern (Econ Lett, 6(4), 329–333, <CitationRef CitationID="CR8">1980</CitationRef>), give a better understanding...</citationref></citationref>