Skip to Main content Skip to Navigation
Journal articles

Economic Consequences of Nth-Degree Risk Increases and Nth-Degree Risk Attitudes

Abstract : We study comparative statics of Nth-degree risk increases within a large class of problems that involve bidimensional payoffs and additive or multiplicative risks. We establish necessary and sufficient conditions for unambiguous impact of Nth-degree risk increases on optimal decision making. We develop a simple and intuitive approach to interpret these conditions : novel notions of directional Nth-degree risk aversion that are characterized via preferences over lotteries.
Document type :
Journal articles
Complete list of metadata

Cited literature [29 references]  Display  Hide  Download

https://halshs.archives-ouvertes.fr/halshs-00927270
Contributor : Elyès Jouini Connect in order to contact the contributor
Submitted on : Sunday, January 12, 2014 - 1:04:59 PM
Last modification on : Wednesday, November 17, 2021 - 12:27:09 PM
Long-term archiving on: : Saturday, April 8, 2017 - 2:25:25 PM

File

A58.pdf
Files produced by the author(s)

Identifiers

Collections

Citation

Elyès Jouini, Clotilde Napp, Diego Nocetti. Economic Consequences of Nth-Degree Risk Increases and Nth-Degree Risk Attitudes. Journal of Risk and Uncertainty, Springer Verlag, 2013, 47 (2), pp.199-224. ⟨10.1007/s11166-013-9176-6⟩. ⟨halshs-00927270⟩

Share

Metrics

Record views

363

Files downloads

569