Comparative higher-degree Ross risk aversion
Insurance : Mathematics and Economics
Comparative statics, Higher-degree Ross risk aversion, Risk premium
We provide generalized comparative global conditions for higher-degree Ross risk aversion, which are similar to those studied by Ross for risk aversion. This generalization corresponds to the special cases of comparative risk aversion as developed by Ross (1981) and of comparative downside risk aversion as developed by Modica and Scarsini (2005).
This work is supported by the National Natural Science Foundation of China (General Program) 70602012.
Copyright © 2009 Elsevier B.V.
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Li, J. (2009). Comparative higher-degree Ross risk aversion. Insurance: Mathematics and Economics, 45(3), 333-336. doi: 10.1016/j.insmatheco.2009.07.012