Some conditions for the equivalence between risk aversion, prudence and temperance
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DOI: 10.1007/s11238-020-09745-5
Abstract: We study relationships between different aspects of risk preferences. We show that, under the assumptions of non-satiation and bounded marginal utility, some additional conditions on the asymptotic behaviour of the indices of relative prudence and… read more here.
Keywords: aversion prudence; risk; temperance; risk aversion ... See more keywords
Risk aversion, prudence and temperance: It is a matter of gap between moments
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Behavioral and Experimental Finance"
DOI: 10.1016/j.jbef.2019.100262
Abstract: Abstract Higher order risk preferences are important determinants of choices under uncertainty. We build a questionnaire different from usually adopted ones: our questionnaire is simpler in order to reduce the number of random choices, and… read more here.
Keywords: gap; risk aversion; matter gap; prudence temperance ... See more keywords