Increasing and Decreasing Risk Aversion for Generalized Preferences

Quiggin, John; Chambers, R. G

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Increasing and Decreasing Risk Aversion for Generalized Preferences

Date

2001

Authors

Quiggin, John

Chambers, R. G

Abstract

In this paper, concepts of comparative risk aversion are developed for generalized risk averse preferences. These measures are applied to the development of general concepts of increasing and decreasing risk aversion. A range of comparative static results for expected utility theory are generalized and extended.