From sure to strong diversification

Alain Chateauneuf and Ghizlane Lakhnati ()

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Abstract: This paper presents a characterization of weak risk aversion in terms of preference for sure diversification. Similarly, we show that strong risk aversion can be characterized by weakening preference for diversification,as introduced by Dekel (Econometrica 57:163,1989), in what we call preference for strong diversification.

Keywords: Weak risk aversion; Strong risk aversion; Diversification (search for similar items in EconPapers)
Date: 2007-09
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Citations: View citations in EconPapers (18)

Published in Economic Theory, 2007, 32 (3), pp.511-522. ⟨10.1007/s00199-006-0126-2⟩

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Related works:
Journal Article: From sure to strong diversification (2007)
Working Paper: From sure to strong diversification (2007)
Working Paper: From sure to strong diversification (2005)
Working Paper: From sure to strong diversification (2005)
Working Paper: From sure to strong diversification (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00271265

DOI: 10.1007/s00199-006-0126-2

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