Changes in background risk and risk taking behavior

被引:185
作者
Eeckhoudt, L [1 ]
Gollier, C [1 ]
Schlesinger, H [1 ]
机构
[1] UNIV ALABAMA,DEPT FINANCE,TUSCALOOSA,AL 35487
关键词
D O I
10.2307/2171866
中图分类号
F [经济];
学科分类号
02 ;
摘要
Economic decision making under uncertainty often takes place in the presence of multiple risks and in markets that are less than complete. As a consequence, choices about endogenous risks sometimes must be made while simultaneously facing one or more immutable exogenous 'background risks' that are not under the control of the agent, and that are independent of endogenous risks.
引用
收藏
页码:683 / 689
页数:7
相关论文
共 13 条
[11]   RISK-AVERSION IN THE SMALL AND IN THE LARGE [J].
PRATT, JW .
ECONOMETRICA, 1964, 32 (1-2) :122-136
[12]  
ROSS SA, 1981, ECONOMETRICA, V3, P621
[13]   INCREASING RISK .1. DEFINITION [J].
ROTHSCHILD, M ;
STIGLITZ, JE .
JOURNAL OF ECONOMIC THEORY, 1970, 2 (03) :225-243