A Note on Sufficient Conditions of Cross Risk Vulnerability

Yusuke Osaki ()
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Yusuke Osaki: JSPS Research Fellow

No 06-17, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This 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.

Keywords: Background risk; cross risk vulnerabiilty; risk aversion. (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2006-06
New Economics Papers: this item is included in nep-fmk and nep-upt
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