òòò½Íø Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Even (Mixed) Risk Lovers Are Prudent: Comment
òòò½Íø Review
(pp. 1536–37)
Abstract
Crainich, Eeckhoudt, and Trannoy (2013) show that mixed risk lovers are prudent. I show that common risk loving utility functions may not exhibit mixed risk loving—as is typical for risk aversion and mixed risk aversion—and thus these traits should be carefully distinguished. In particular, risk lovers may be imprudent.Citation
Ebert, Sebastian. 2013. "Even (Mixed) Risk Lovers Are Prudent: Comment." òòò½Íø Review 103 (4): 1536–37. DOI: 10.1257/aer.103.4.1536Additional Materials
JEL Classification
- D81 Criteria for Decision-Making under Risk and Uncertainty