The Demand for Bivariate Self-Protection

Activity: Talks or PresentationsOther Invited Talks or Presentations


To represent a change in the level of self-protection, the procedure developed by Diamond and Stiglitz (Journal of Economic Theory 8:337-360, 1974) generalize the findings in the relationship between risk aversion and prudence and the demand for self-protection. We address a bivariate self-protection problem by connecting mean(reference)-utility-preserving increases in bivariate risk and cross prudence. This alternate representation allows the existing findings to be generalized considerably, and also simplifies the analysis.
Period29 Apr 2022
Event titlePostgraduate Seminar Series
Event typePublic Lecture