Risk Aversion in the Small and in the Large. When Outcomes are Multidimensional
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- Hellwig, Martin, 2004. "Risk aversion in the small and in the large when outcomes are multidimensional," Papers 04-22, Sonderforschungsbreich 504.
- Hellwig, Martin, 2004. "Risk Aversion in the Small and in the Large When Outcomes Are Multidimensional," Sonderforschungsbereich 504 Publications 04-22, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
References listed on IDEAS
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- Christoph Engel, 2006. "The Difficult Reception of Rigorous Descriptive Social Science in the Law," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2006_1, Max Planck Institute for Research on Collective Goods.
- Kannai, Yakar & Selden, Larry & Kang, Minwook & Wei, Xiao, 2016. "Risk neutrality regions," Journal of Mathematical Economics, Elsevier, vol. 62(C), pages 75-89.
- Sudhir A. Shah, 2016. "The Generalized Arrow-Pratt Coefficient," Working papers 254, Centre for Development Economics, Delhi School of Economics.
- Hellwig, Martin F., 2007.
"The undesirability of randomized income taxation under decreasing risk aversion,"
Journal of Public Economics, Elsevier, vol. 91(3-4), pages 791-816, April.
- Martin Hellwig, 2005. "The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2005_27, Max Planck Institute for Research on Collective Goods.
- Martin Hellwig, 2008. "A Maximum Principle for Control Problems with Monotonicity Constraints," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2008_04, Max Planck Institute for Research on Collective Goods.
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More about this item
Keywords
Multidimensional Risks; Risk Aversion; Risk Premia; Randomization in Incentive Schemes;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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