Even (Mixed) Risk Lovers Are Prudent

S-Tier
Journal: American Economic Review
Year: 2013
Volume: 103
Issue: 4
Pages: 1529-35

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The purpose of this note is to analyze properties of the risk lovers? utility function beyond the positive sign of its second order derivative. We show that??contrarily to a priori beliefs??risk lovers are prudent and are willing to accumulate precautionary savings.

Technical Details

RePEc Handle
repec:aea:aecrev:v:103:y:2013:i:4:p:1529-35
Journal Field
General
Author Count
3
Added to Database
2026-01-25