The impact of prudence on optimal prevention revisited

被引：23

作者：

Dionne, Georges ^{[1
,2
]}

Li, Jingyuan ^{[3
]}

机构：

[1] CIRRELT, HEC Montreal, Canada Res Chair Risk Management, Montreal, PQ H3T 2A7, Canada

[2] CIRPEE, Montreal, PQ H3T 2A7, Canada

[3] Lingnan Univ, Dept Finance & Insurance, Tuen Mun, Hong Kong, Peoples R China

来源：

ECONOMICS LETTERS | 2011年 / 113卷 / 02期

基金：

中国国家自然科学基金;

关键词：

Absolute prudence; Self-protection; Skewness; SELF-PROTECTION; RISK-AVERSION; INSURANCE;

D O I：

10.1016/j.econlet.2011.06.019

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We re-examine the link between absolute prudence and self-protection activities. We show that the level of effort chosen by an agent with decreasing absolute prudence is larger than the optimal effort chosen by a risk-neutral agent if the degree of absolute prudence is less than a threshold that is utility-independent and empirically verifiable. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：147 / 149

页数：3

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