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Risk aversion and risk vulnerability in the continuous and discrete case

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  • Martin Bohner
  • Gregory Gelles

Abstract

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Suggested Citation

  • Martin Bohner & Gregory Gelles, 2012. "Risk aversion and risk vulnerability in the continuous and discrete case," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 35(1), pages 1-28, May.
    • Handle: RePEc:spr:decfin:v:35:y:2012:i:1:p:1-28
    DOI: 10.1007/s10203-011-0112-4
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    References listed on IDEAS

    as
    1. Kimball, Miles S, 1990. "Precautionary Saving in the Small and in the Large," Econometrica, Econometric Society, vol. 58(1), pages 53-73, January.
    2. Kimball, Miles S, 1993. "Standard Risk Aversion," Econometrica, Econometric Society, vol. 61(3), pages 589-611, May.
    3. Kihlstrom, Richard E & Romer, David & Williams, Steve, 1981. "Risk Aversion with Random Initial Wealth," Econometrica, Econometric Society, vol. 49(4), pages 911-920, June.
    4. Diamond, Harvey & Gelles, Gregory M., 1995. "On an asymptotic property of expected utility," Economics Letters, Elsevier, vol. 47(3-4), pages 305-309, March.
    5. Mario Maggi & Umberto Magnani & Mario Menegatti, 2006. "On the relationship between absolute prudence and absolute risk aversion," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 29(2), pages 155-160, November.
    6. Gregory M. Gelles & Douglas W. Mitchell, 1999. "Broadly Decreasing Risk Aversion," Management Science, INFORMS, vol. 45(10), pages 1432-1439, October.
    7. Gollier, Christian & Pratt, John W, 1996. "Risk Vulnerability and the Tempering Effect of Background Risk," Econometrica, Econometric Society, vol. 64(5), pages 1109-1123, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Heidarkhani, Shapour & Bohner, Martin & Caristi, Giuseppe & Ayazi, Farahnaz, 2021. "A critical point approach for a second-order dynamic Sturm–Liouville boundary value problem with p-Laplacian," Applied Mathematics and Computation, Elsevier, vol. 409(C).
    2. Barilla, David & Bohner, Martin & Heidarkhani, Shapour & Moradi, Shahin, 2021. "Existence results for dynamic Sturm–Liouville boundary value problems via variational methods," Applied Mathematics and Computation, Elsevier, vol. 409(C).
    3. Wonki Jo Cho, 2018. "Probabilistic assignment: an extension approach," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 51(1), pages 137-162, June.
    4. Bulat Gafarov & Bruno Salcedo, 2015. "Ordinal dominance and risk aversion," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 287-298, October.

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    More about this item

    Keywords

    Utility function; Time scale; Delta derivative; Risk aversion; Risk vulnerability; C02; D81;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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