From sure to strong diversification
Alain Chateauneuf () and
Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)
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 , in what we name preference for strong diversification.
Keywords: Weak risk aversion; strong risk aversion; diversification (search for similar items in EconPapers)
JEL-codes: D80 D81 (search for similar items in EconPapers)
Pages: 17 pages
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Journal Article: From sure to strong diversification (2007)
Working Paper: From sure to strong diversification (2007)
Working Paper: From sure to strong diversification (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:b05035
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