A Note on Sufficient Conditions of Cross Risk Vulnerability
AbstractThis note gives sufficient conditions of cross risk vulnerability introduced by Malevergne and Rey (2005), which is the equivalent condition to guarantee that an unfair non-monetary background risk makes decision makers more risk averse. The sufficient conditions determined by this note expand the results for univariate utility function into bivariate utility functions.
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Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 06-17.
Length: 9 pages
Date of creation: Jun 2006
Date of revision:
Background risk; cross risk vulnerabiilty; risk aversion.;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-07-09 (All new papers)
- NEP-FMK-2006-07-09 (Financial Markets)
- NEP-UPT-2006-07-09 (Utility Models & Prospect Theory)
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