Artikel
Risk aversion loss aversion, and the demand for insurance
In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of losses or gains relative to a reference point. Besides some comparative statics results, we discuss the links with first-order risk aversion, with the Omega measure, and with a tendency to over-insure modest risks that has been been extensively documented in real insurance markets.
- Sprache
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Englisch
- Erschienen in
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Journal: Risks ; ISSN: 2227-9091 ; Volume: 6 ; Year: 2018 ; Issue: 2 ; Pages: 1-19 ; Basel: MDPI
- Klassifikation
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Wirtschaft
- Thema
-
first-order risk aversion
stochastic dominance
insurance
expected utility
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Eeckhoudt, Louis
Fiori, Anna Maria
Gianin, Emanuela Rosazza
- Ereignis
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Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2018
- DOI
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doi:10.3390/risks6020060
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:20 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Eeckhoudt, Louis
- Fiori, Anna Maria
- Gianin, Emanuela Rosazza
- MDPI
Entstanden
- 2018
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