Background Risk in Generalized Expected Utility Theory

Background Risk in Generalized Expected Utility Theory

In this paper, it is shown that, for a wide range of risk-averse generalized expected utility preferences, independent risks are complementary, contrary to the results for expected utility preferences satisfying conditions such as proper and standard risk aversion.

Bibliographische Detailangaben
Veröffentlicht in:Economic Theory. - Springer, 1991. - 22(2003), 3, Seite 607-611
1. Verfasser: Quiggin, John (VerfasserIn)
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2003
Zugriff auf das übergeordnete Werk:Economic Theory
Schlagworte:Background risk Constant risk aversion Generalized expected utility theory D8 Economics Mathematics Philosophy Business
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