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“Probability of risk aversion” and other applications of derivatives of the certainty equivalent

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  • F. McElroy

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    File URL: http://hdl.handle.net/10.1007/s12232-007-0035-0
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    Bibliographic Info

    Article provided by Springer in its journal International Review of Economics.

    Volume (Year): 54 (2007)
    Issue (Month): 4 (December)
    Pages: 429-444

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    Handle: RePEc:spr:inrvec:v:54:y:2007:i:4:p:429-444

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    Web page: http://www.springer.com/economics/journal/12232

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    Related research

    Keywords: Utility theory; Certainty equivalent; Risk aversion; Self-protection; Insurance; Properness; D11; D81; G22;

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    1. Dionne, Georges & Eeckhoudt, Louis, 1985. "Self-insurance, self-protection and increased risk aversion," Economics Letters, Elsevier, vol. 17(1-2), pages 39-42.
    2. Pratt, John W & Zeckhauser, Richard J, 1987. "Proper Risk Aversion," Econometrica, Econometric Society, vol. 55(1), pages 143-54, January.
    3. McGuire, Martin C & Pratt, John & Zeckhauser, Richard, 1991. " Paying to Improve Your Chances: Gambling or Insurance?," Journal of Risk and Uncertainty, Springer, vol. 4(4), pages 329-38, December.
    4. Miles S. Kimball, 1991. "Standard Risk Aversion," NBER Technical Working Papers 0099, National Bureau of Economic Research, Inc.
    5. Graham Loomes & Uzi Segal, . "Observing Different Orders of Risk Aversion," Discussion Papers 92/5, Department of Economics, University of York.
    6. Segal, Uzi & Spivak, Avia, 1990. "First order versus second order risk aversion," Journal of Economic Theory, Elsevier, vol. 51(1), pages 111-125, June.
    7. Ehrlich, Isaac & Becker, Gary S, 1972. "Market Insurance, Self-Insurance, and Self-Protection," Journal of Political Economy, University of Chicago Press, vol. 80(4), pages 623-48, July-Aug..
    8. Gollier, Christian & Pratt, John W, 1996. "Risk Vulnerability and the Tempering Effect of Background Risk," Econometrica, Econometric Society, vol. 64(5), pages 1109-23, September.
    9. Zeckhauser, Richard & Keeler, Emmett, 1970. "Another Type of Risk Aversion," Econometrica, Econometric Society, vol. 38(5), pages 661-65, September.
    10. Menezes, C F & Hanson, D L, 1970. "On the Theory of Risk Aversion," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 481-87, October.
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