Improving your chances: A new result

Michel M. Denuit and Louis Eeckhoudt

Economics Letters, 2013, vol. 118, issue 3, 475-477

Abstract: In this letter, we show that the results presented by Jindapon and Neilson (2007) for changes in risk à la Ekern (1980) can be generalized to mean-preserving stochastic dominance changes, with appropriate and simple additional conditions on the utility function.

Keywords: Risk aversion; Downside risk; Prudence; Temperance; Risk apportionment; Mean-preserving stochastic dominance (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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Working Paper: Improving your chances: a new result (2013)
Working Paper: Improving your chances: a new result (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:3:p:475-477

DOI: 10.1016/j.econlet.2012.12.016

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