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The Effect of FSD Changes in Multiplicative Background Risk on Risk-taking Attitude

Listed author(s):
  • Yoshitaka Sakagami
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    In this paper, we consider the effect of First-degree Stochastic Dominance (FSD) changes in background multiplicative risk on the risk- taking attitude of a decision maker. First, we consider contractive FSD changes in background multiplicative risk and analyze the effect of these changes. Then, we consider general FSD changes in background multiplicative risk. Also, in the context of coinsurance, we determine the effect of simple FSD changes and Monotone Likelihood Ratio (MLR) changes in multiplicative background risk.

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    Paper provided by EconWPA in its series Risk and Insurance with number 0506001.

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    Length: 8 pages
    Date of creation: 06 Jun 2005
    Handle: RePEc:wpa:wuwpri:0506001
    Note: Type of Document - pdf; pages: 8. 8,pdf,from dvips
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