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Risk aversion and allocation to long-term bonds

โœ Scribed by Jessica A. Wachter


Book ID
114047412
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
131 KB
Volume
112
Category
Article
ISSN
0022-0531

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Allocating health care resources under r
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