It is often said that prudence and temperance play key roles in aversion to negative skewness and kurtosis … preferences in terms of statistical moments. An implication is, for example, that prudence implies preference for distributions … kurtosis as defined by all even moments. We thus speak of the kurtosis robustness feature of prudence. Further, we show that …

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 …

We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer … approach is not based on expected utility theory. In our experiment we find evidence for risk aversion, prudence and temperance … for being (second order) risk-loving. This highlights the importance of prudence when considering economic decisions under …

We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings … decision maker. However, we do not observe an influence of social settings on prudence and temperance. Our results reveal that …Wir untersuchen neben Risikoaversion auch Risikopräferenzen höherer Ordnung, d.h. "Prudence" und "Temperance" in …