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

• Authors: Dudzinski Piotr

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.

Keywords

EN

DYNAMIC MODEL; RISK AVERSION; SELF-INSURANCE

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Uniwersytet Gdański. Wydział Ekonomiczny
• Journal: Współczesna Gospodarka
• Year: 2012
• Volume: 3
• Issue: 2
• Pages: 35-47
• Document type: ARTICLE

Contributors

author

Dudzinski Piotr

• Uniwersytet Gdanski, Wydzial Matematyki, Fizyki i Informatyki, Instytut Matematyki, ul. Wita Stwosza 57, 80-952 Gdansk-Oliwa, Poland

Identifiers

CEJSH db identifier

11PLAAAA10744