Insurance demand and first-order risk increases under (μ, σ)-preferences revisited

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Autorschaft

  • Thomas Eichner
  • Andreas Wagener

Organisationseinheiten

Externe Organisationen

  • FernUniversität in Hagen
Forschungs-netzwerk anzeigen

Details

OriginalspracheEnglisch
Seiten (von - bis)326-331
Seitenumfang6
FachzeitschriftFinance research letters
Jahrgang11
Ausgabenummer4
PublikationsstatusVeröffentlicht - Dez. 2014

Abstract

In the mean-variance framework, insurance demand goes down when the expected size of insurable losses decreases or insurance premia increase if the elasticity of risk aversion with respect to expected wealth exceeds -1. In terms of the expected-utility approach, this condition is equivalent to the index of partial relative risk aversion being lower than one.

ASJC Scopus Sachgebiete

  • Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
  • Finanzwesen

Zitieren

Insurance demand and first-order risk increases under (μ, σ)-preferences revisited. / Eichner, Thomas; Wagener, Andreas.
in: Finance research letters, Jahrgang 11, Nr. 4, 12.2014, S. 326-331.

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Eichner T, Wagener A. Insurance demand and first-order risk increases under (μ, σ)-preferences revisited. Finance research letters. 2014 Dez;11(4):326-331. doi: 10.1016/j.frl.2014.06.003
Eichner, Thomas ; Wagener, Andreas. / Insurance demand and first-order risk increases under (μ, σ)-preferences revisited. in: Finance research letters. 2014 ; Jahrgang 11, Nr. 4. S. 326-331.
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