A note on the comparative statics approach to nth-degree risk aversion
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DOI: 10.1016/j.econlet.2017.07.023
Abstract: Jindapon and Neilson (2007) propose a comparative statics approach to nth-degree risk aversion. They consider a decision problem where an agent incurs either a monetary or a utility cost to reduce the nth-degree risk in… read more here.
Keywords: risk; risk aversion; nth degree; degree risk ... See more keywords