PL EN


2012 | 3 | 2 | 35-47
Article title

Efekt wzrostu awersji do ryzyka na popyt na samoubezpieczenie w modelu dynamicznym

Authors
Content
Title variants
EN
EFFECT OF INCREASE IN RISK AVERSION ON SELF-INSURANCE IN DYNAMIC MODEL
Languages of publication
PL
Abstracts
EN
This work shows that in a two-period framework increase in risk-aversion is not a sufficient condition to invest more in self-insurance, as it is in one-period setting (Dionne and Eeckhoudt). We prove that other factors important for decision-making exist. Relationship between size of loss and future and present income is crucial in this problem. We consider two cases – when an effort to prevent risk precedes its effect and when it is simultaneous. We show that those cases are mathematically and economically different.
Year
Volume
3
Issue
2
Pages
35-47
Physical description
Document type
ARTICLE
Contributors
  • Uniwersytet Gdanski, Wydzial Matematyki, Fizyki i Informatyki, Instytut Matematyki, ul. Wita Stwosza 57, 80-952 Gdansk-Oliwa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11PLAAAA10744
YADDA identifier
bwmeta1.element.7a2aa738-53c1-3d77-a86b-10cb81210018
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