Should More Risk-Averse Agents Exert More Effort?

Bruno JULLIEN (), B. Salanie and F. Salanie
Authors registered in the RePEc Author Service: François Salanié () and Bernard Salanié ()

Working Papers from Toulouse - GREMAQ

Abstract: Consider an agent facing a risky distribution of losses who can change this distribution by exerting some effort. Should be exert more effort when he becomes more risk-averse? For instance, should we expect more risk-averse drivers to drive more cautiously? In this paper, we give sufficient conditions under which the answer is positive, using results presented in Jewitt (1989).

Keywords: RISK (search for similar items in EconPapers)
JEL-codes: D81 D83 (search for similar items in EconPapers)
Date: 1998
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Related works:
Working Paper: Should More Risk-Averse Agents Exert More Effort
Journal Article: Should More Risk-Averse Agents Exert More Effort? (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:gremaq:98.489

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