Strategic risk aversion

Sherrill Shaffer

doi:10.1080/09603107.2011.556587

Strategic risk aversion

Sherrill Shaffer^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

This article demonstrates that exaggerated risk aversion may comprise a rational form of strategic behaviour in the face of asymmetric information. Unlike some other forms of strategic behaviour analysed previously, this behaviour confers a benefit in the form of higher ex post consumption (not merely higher expected consumption or expected utility) and whether or not markets are perfectly competitive.

Original language	English
Pages (from-to)	949-956
Number of pages	8
Journal	Applied Financial Economics
Volume	21
Issue number	13
DOIs	https://doi.org/10.1080/09603107.2011.556587
Publication status	Published - Jul 2011

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title = "Strategic risk aversion",

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Strategic risk aversion

Abstract

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