The Many Faces Of Multivariate Risk-taking: Risk Apportionment For Desirable And Undesirable Attributes.pdf

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Preview of The many faces of multivariate risk-taking: Risk apportionment for desirable and undesirable attributes
🔗 Source: crest.science
📊 Size: 554 KB
📄 Pages: 42 pages
⬇️ Downloads: 149

Summary

It extends definitions of correlation aversion, cross-prudence, and cross-temperance to the case of undesirable attributes and provides a general characterization based on signs of cross-derivatives of the utility function. The results show how to unlock the powerful machinery of risk apportionment in situations where decision-makers face undesirable attributes, and relate the findings to popular multivariate models, including multiplicatively separable utility and equivalent monetary utility.

Description

It extends definitions of correlation aversion, cross-prudence, and cross-temperance to the case of undesirable attributes and provides a general...

Technical Information

  • File Format: PDF
  • File Size: 554 KB
  • Pages: 42
  • Language: EN
  • Total Downloads: 149
  • Last Updated: 3 weeks ago

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This PDF document about The many faces of multivariate risk-taking: Risk apportionment for desirable and undesirable attributes provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into The many faces of multivariate risk-taking: Risk apportionment for desirable and undesirable attributes.

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