Affiliation:
1. Institute for Financial Economics and Statistics, University of Bonn, Adenauerallee 24-42, 53113 Bonn, Germany.
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. (JEL D81)
Publisher
American Economic Association
Subject
Economics and Econometrics
Cited by
32 articles.
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