We provide generalized comparative global conditions for higher-degree Ross risk aversion, which are similar to those studied by Ross for risk aversion. This generalization corresponds to the special cases of comparative risk aversion as developed by Ross (1981) and of comparative downside risk aversion as developed by Modica and Scarsini (2005).
|Number of pages||4|
|Journal||Insurance : Mathematics and Economics|
|Publication status||Published - 1 Dec 2009|
- Comparative statics
- Higher-degree Ross risk aversion
- Risk premium