Skip navigation
Skip navigation

Background Risk in Generalized Expected Utility Theory

Quiggin, John

Description

In this paper, it is shown that, for a wide range of risk-averse generalized expected utility preferences, independent risks are com-plementary, contrary to the results for expected utility preferences satisfying conditions such as proper and standard risk aversion.

CollectionsANU Research Publications
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/40522
http://digitalcollections.anu.edu.au/handle/1885/40522
Source: Economic Theory
DOI: 10.1007/s00199-002-0311-x

Download

File Description SizeFormat Image
wp410.pdf306.29 kBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  12 November 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator