Supermodularity and the Comparative Statics of Risk

John Quiggin () and Robert G Chambers ()

Theory and Decision, 2007, vol. 62, issue 2, pages 97-117

Abstract: In this article, it is shown that a wide range of comparative statics results from expected utility theory can be extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent representations of preferences. Copyright Springer Science+Business Media, LLC 2007

Keywords: supermodularity; comparative statics; risk (search for similar items in EconPapers)
Date: 2007
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