Do risk lovers invest in self-protection?

Paan Jindapon

Economics Letters, 2013, vol. 121, issue 2, 290-293

Abstract: We show that there is a class of risk lovers who optimally choose a positive level of self-protection investment. In most cases, a risk lover increases his self-protection investment as he becomes less downside risk averse.

Keywords: Self-protection; Risk lovers; Prudence; Downside risk aversion (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:121:y:2013:i:2:p:290-293

DOI: 10.1016/j.econlet.2013.08.031

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