Even (Mixed) Risk Lovers Are Prudent: Comment

Sebastian Ebert

American Economic Review, 2013, vol. 103, issue 4, 1536-37

Abstract: Crainich, Eeckhoudt, and Trannoy (2013) show that mixed risk lovers are prudent. I show that common risk loving utility functions may not exhibit mixed risk loving??as is typical for risk aversion and mixed risk aversion??and thus these traits should be carefully distinguished. In particular, risk lovers may be imprudent.

JEL-codes: D81 (search for similar items in EconPapers)
Date: 2013
Note: DOI: 10.1257/aer.103.4.1536
References: Add references at CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.103.4.1536 (application/pdf)
http://www.aeaweb.org/aer/ds/june2013/20120861_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
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:aea:aecrev:v:103:y:2013:i:4:p:1536-37

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().