Higher-order risk preferences in social settings
Sign Up to like & getrecommendations! Published in 2018 at "Experimental Economics"
DOI: 10.1007/s10683-017-9541-4
Abstract: We study prudence and temperance (next to risk aversion) in social settings. Previous experimental studies have shown that these higher-order risk preferences affect the choices of individuals deciding privately on lotteries that only affect their… read more here.
Keywords: risk; higher order; risk preferences; order risk ... See more keywords
OPTIMUM INSURANCE CONTRACTS WITH BACKGROUND RISK AND HIGHER-ORDER RISK ATTITUDES
Sign Up to like & getrecommendations! Published in 2018 at "ASTIN Bulletin"
DOI: 10.1017/asb.2018.20
Abstract: Abstract In this paper, we study an optimal insurance problem in the presence of background risk from the perspective of an insured with higher-order risk attitudes. We introduce several useful dependence notions to model positive… read more here.
Keywords: risk; background risk; insurance; risk attitudes ... See more keywords