Even (Mixed) Risk Lovers are Prudent: Comment
评论Crainich等人(2013)关于混合风险爱好者谨慎的结论,指出常见的风险爱好效用函数可能不表现出混合风险爱好,因此风险爱好者可能不谨慎。
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.