منابع مشابه
Inequality aversion and risk aversion
This note shows that for two inequality averse social welfare functions, if one is more inequality averse than the other, the household preference induced by optimally allocating aggregate bundles according to this social welfare function is more risk averse than the other. We present examples showing that this comparative static can be reversed if inequality aversion is dropped. We show that t...
متن کاملRisk and Risk Aversion Effects in Contests with Contingent Payments
perc.tamu.edu 1 Contests and the influence of their design reach much further than just the sporting world. Firms seeking new products, investors backing competitors, and government agencies in search of design solutions are all examples of different models of contest design found in the marketplace. Those seeking new technology, innovation, design, and investment must select a winner from many...
متن کاملSimilarities between Greater Risk Aversion and Greater Downside Risk Aversion
This paper characterizes downside risk aversion in a simple and intuitive manner. The characterization highlights certain features of downside risk aversion that are common with traditional risk aversion in regards the comparative statics of risk-free wealth. Also, using this characterization one can simplify considerably a theorem by Jindapon (2010) relating to greater downside risk aversion a...
متن کاملLoss aversion and perceptionally risk aversion
This paper analyzes, for S-shaped value functions, the relations between loss aversion and perceptionally risk aversion (i.e. computed with the perceived probability weights) in Cumulative Prospect Theory . We show that perceptionally risk aversion for mixed sign lotteries is equivalent to weak (or strong) loss aversion, so this is the right assumption to get a sensible behavior towards risk. T...
متن کاملRisk Aversion over Incomes and Risk Aversion over Commodities
This note determines the precise connection between an agent’s attitude towards income risks and his attitude over risks in the underlying consumption space. Our results follow from a general mathematical theory connecting the curvature properties of an objective function with the ray-curvature properties of its dual.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.933119