Increases in Risk Aversion
给出了在风险条件下,决策者风险厌恶增加对其最优选择变量水平影响的充分条件,并用保险需求理论中的决策模型进行了说明。
This note gives sufficient conditions for signing the effect of an increase in risk aversion on the optimal level of the choice variable selected by a decision maker under conditions of risk. The results are illustrated with a decision model taken from the theory of insurance demand.