On temperance and risks spreading - HAL-SHS - Sciences de l'Homme et de la Société
Pré-Publication, Document De Travail Année : 2018

On temperance and risks spreading

Résumé

This paper shows that temperance is the highest order risk preferences condition for which spreading N independent and unfair risks provides the highest level of welfare than any other possible allocations of risks. These results are also interpreted through the concept of N-superadditivity of the utility premium. This paper provides a novel application of temperance, not in terms of two risks as it is common, but in terms of N risks.
Fichier principal
Vignette du fichier
1828.pdf (441.92 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-01935866 , version 1 (27-11-2018)
halshs-01935866 , version 2 (24-01-2019)

Identifiants

  • HAL Id : halshs-01935866 , version 2

Citer

Christophe Courbage, Béatrice Rey. On temperance and risks spreading. 2018. ⟨halshs-01935866v2⟩
55 Consultations
365 Téléchargements

Partager

More