RISK-AVERSION, PRUDENCE AND TEMPERANCE - A UNIFIED APPROACH

被引：37

作者：

EECKHOUDT, L

GOLLIER, C

SCHNEIDER, T

机构：

[1] UNIV SCI SOCIALES TOULOUSE,IDEI,F-31042 TOULOUSE,FRANCE

[2] UNIV SCI SOCIALES TOULOUSE,GREMAQ,F-31042 TOULOUSE,FRANCE

[3] CATHOLIC FAC MONS,MONS,BELGIUM

[4] CATHOLIC FAC MONS,LILLE,FRANCE

[5] CEPN,FONTENAY ROSES,FRANCE

来源：

ECONOMICS LETTERS | 1995年 / 48卷 / 3-4期

关键词：

PRUDENCE; TEMPERANCE; TRANSLATION OF AN INCREASE IN RISK;

D O I：

10.1016/0165-1765(94)00636-G

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Risk-aversion can be defined either by the negative sign of the second derivative of the utility function or by the rejection of any mean-preserving increase in risk. The more recent notions of prudence and temperance have so far been defined exclusively by the sign of the third and the fourth derivative of the utility function. In this paper we show that, as risk-aversion, prudence and temperance can also be interpreted as systematic attitudes towards transformation of a density function.

引用

页码：331 / 336

页数：6

共 8 条

[1]

EECKHOUDT L, 1994, UNPUB CHANGES BACKGR

[2]

GOLLIER C, 1994, UNPUB WEAK PROPER RI

[3] PRECAUTIONARY SAVING IN THE SMALL AND IN THE LARGE [J].