Quiggin, John2002-05-132004-05-192011-01-052004-05-192011-01-0520010938-2259http://hdl.handle.net/1885/40522http://digitalcollections.anu.edu.au/handle/1885/40522In 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.313639 bytesapplication/pdfen-AUexpected utility preferencesrisk aversion,Background Risk in Generalized Expected Utility Theory10.1007/s00199-002-0311-x2015-12-11