Restricted Increases in Risk Aversion and Their Application
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Date
2015-02-23
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
This paper proposes two restricted forms of an increase in risk aversion. Using examples from portfolio choice, self-protection and insurance demand, it is shown that these stronger notions of increased risk aversion facilitate clear-cut comparative statics analysis in environments where traditional concepts of increased risk aversion are insufficient.
Description
PublicFinance
Keywords
1502, Comparative Risk Aversion, Portfolio Choice, Self-Protection, Insurance Demand, PublicFinance