Left-side strong increases in risk and their comparative statics

被引：3
|
作者：
Ryu, S [1 ]
Kim, I
机构：
[1] Busan Dev Inst, Pusan 601720, South Korea
[2] Chonnam Natl Univ, Dept Econ, Kwangju 500757, South Korea
[3] Chonnam Natl Univ, Management Res Inst, Kwangju 500757, South Korea
来源：
THEORY AND DECISION | 2004年 / 57卷 / 01期
关键词：
left-side strong increases in risk; prudence; Rothschild-Stiglitz increases in risk; strong increases in risk;
D O I：
10.1007/s11238-004-2859-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper introduces a new concept of left-side strong increases in risk (L-SIR) that extends the definition of strong increases in risk (SIR). We also provide somewhat stronger restrictive set of risk-averse decision-makers with a non-negative third derivative utility (prudence) to obtain an appealing comparative statics result for L-SIR.
引用
收藏
页码：59 / 68
页数：10
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