Background risk in generalized expected utility theory
| Data(s) |
01/01/2003
|
|---|---|
| Resumo |
In this paper, it is shown that, for a wide range of risk-averse generalized expected utility preferences, independent risks are complementary, contrary to the results for expected utility preferences satisfying conditions such as proper and standard risk aversion. |
| Identificador | |
| Idioma(s) |
eng |
| Publicador |
Springer-verlag |
| Palavras-Chave | #Economics #Background Risk #Constant Risk Aversion #Generalized Expected Utility Theory #Independence Axiom #Aversion #Inequality #Indexes |
| Tipo |
Journal Article |
