Abstract
In this paper, it is shown that, for a wide range of risk-averse generalized expected utility preferences, independent risks are complementary, contrary to the results for expected utility preferences satisfying conditions such as proper and standard risk aversion.
Original language | English |
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Pages (from-to) | 607-611 |
Number of pages | 5 |
Journal | Economic Theory |
Volume | 22 |
Issue number | 3 |
DOIs | |
Publication status | Published - Oct 2003 |