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

Elyès Jouini (), Clotilde Napp and Diego Nocetti

Post-Print from HAL

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.

Keywords: Comparative statics; Nth degree risk increases; Risk disaggregation (search for similar items in EconPapers)
Date: 2013-10-01
New Economics Papers: this item is included in nep-mic and nep-upt
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00927270v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published in Journal of Risk and Uncertainty, 2013, 47 (2), pp.199-224. ⟨10.1007/s11166-013-9176-6⟩

Downloads: (external link)
https://shs.hal.science/halshs-00927270v1/document (application/pdf)

Related works:
Journal Article: Economic consequences of Nth-degree risk increases and Nth-degree risk attitudes (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00927270

DOI: 10.1007/s11166-013-9176-6

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().