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

页码：59 / 68

页数：10

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