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Convex and decreasing absolute risk aversion is proper

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Convex and decreasing absolute risk aversion is proper. / Huang, James.
In: Economics Letters, Vol. 125, No. 1, 10.2014, p. 123-125.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Huang, J 2014, 'Convex and decreasing absolute risk aversion is proper', Economics Letters, vol. 125, no. 1, pp. 123-125. https://doi.org/10.1016/j.econlet.2014.07.007

APA

Huang, J. (2014). Convex and decreasing absolute risk aversion is proper. Economics Letters, 125(1), 123-125. https://doi.org/10.1016/j.econlet.2014.07.007

Vancouver

Huang J. Convex and decreasing absolute risk aversion is proper. Economics Letters. 2014 Oct;125(1):123-125. doi: 10.1016/j.econlet.2014.07.007

Author

Huang, James. / Convex and decreasing absolute risk aversion is proper. In: Economics Letters. 2014 ; Vol. 125, No. 1. pp. 123-125.

Bibtex

@article{00c03021f42f4f7cadf40f82909682a9,
title = "Convex and decreasing absolute risk aversion is proper",
abstract = "Proper risk aversion, a pivotal concept in the study of behavioral conditions on utility functions, states that an undesirable risk can never be made desirable by the presence of an independent risk. It is well known that standard risk aversion is sufficient for this concept. We show in this short article that convex and decreasing absolute risk aversion is an alternative sufficient condition.",
keywords = "Proper risk aversion, convex absolute risk aversion , background risk",
author = "James Huang",
year = "2014",
month = oct,
doi = "10.1016/j.econlet.2014.07.007",
language = "English",
volume = "125",
pages = "123--125",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",

}

RIS

TY - JOUR

T1 - Convex and decreasing absolute risk aversion is proper

AU - Huang, James

PY - 2014/10

Y1 - 2014/10

N2 - Proper risk aversion, a pivotal concept in the study of behavioral conditions on utility functions, states that an undesirable risk can never be made desirable by the presence of an independent risk. It is well known that standard risk aversion is sufficient for this concept. We show in this short article that convex and decreasing absolute risk aversion is an alternative sufficient condition.

AB - Proper risk aversion, a pivotal concept in the study of behavioral conditions on utility functions, states that an undesirable risk can never be made desirable by the presence of an independent risk. It is well known that standard risk aversion is sufficient for this concept. We show in this short article that convex and decreasing absolute risk aversion is an alternative sufficient condition.

KW - Proper risk aversion

KW - convex absolute risk aversion

KW - background risk

U2 - 10.1016/j.econlet.2014.07.007

DO - 10.1016/j.econlet.2014.07.007

M3 - Journal article

VL - 125

SP - 123

EP - 125

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 1

ER -