Risk Aversion and the Choice Between Risky Prospects: The Preservation of Comparative Statics Results

S-Tier
Journal: Review of Economic Studies
Year: 1987
Volume: 54
Issue: 1
Pages: 73-85

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

Most results in what can be termed the comparative statics of risk aversion are obtained when there is only one source of uncertainty. The primary example (which originally motivated the definition of risk aversion) is that more risk averse people are willing to pay a higher premium for insuring against risk. It is known that the results do not generally carry over when there is another source of uncertainty. The paper develops conditions under which comparative statics results are robust against the introduction of additional sources of uncertainty.

Technical Details

RePEc Handle
repec:oup:restud:v:54:y:1987:i:1:p:73-85.
Journal Field
General
Author Count
1
Added to Database
2026-01-25