Motivated by Eeckhoudt and Schlesinger’s (2008) general characterization of the precautionary saving motive against nth degree deteriorations in future income, this note generalizes the comparative precautionary premium analysis of Kimball (1990) for 2nd degree risk increases in future income...

Fishburn and Vickson (Stochastic dominance: an approach to decision-making under risk, Lexington Books, D.C. Heath and Company, Lexington, pp. 39–113, <CitationRef CitationID="CR16">1978</CitationRef>) showed that, when applied to random alternatives with an equal mean, 3rd-degree and decreasing absolute risk aversion stochastic...</citationref>