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Parametric characterizations of risk aversion and prudence

โœ Scribed by Fatma Lajeri; Lars Tyge Nielsen

Publisher
Springer
Year
2000
Tongue
English
Weight
54 KB
Volume
15
Category
Article
ISSN
0938-2259

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๐Ÿ“œ SIMILAR VOLUMES

Allocating health care resources under r
Allocating health care resources under risk: risk aversion and prudence matter
โœ Phuong Bui; David Crainich; Louis Eeckhoudt ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 108 KB

In a recent contribution to this journal, M. Hoel correctly shows that under risk aversion the allocation of health resources should be directed to health conditions for which the expected outcomes are below average. In this letter we show that besides risk aversion, the degree of absolute prudence