When can harms disaggregation imply precautionary effort?

Jianli WANG, Jingyuan LI

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Abstract

This paper proposes a comparative statics analysis for precautionary effort via Eeckhoudt and Schlesinger (2006)'s harms disaggregation idea. Within an expected-utility framework, we show that prudence alone implies precautionary effort.
Original languageEnglish
Title of host publicationProceedings of 2014 China International Conference On Insurance And Risk Management
PublisherTsinghua University Press
Pages596-600
Number of pages5
Publication statusPublished - 1 Jan 2015

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Bibliographical note

Paper presented at the 5th China International Conference on Insurance and Risk Management (CICIRM), Jul 23-26, 2014, Shenzhen, China.
ISBN of the source publication: 9787893952586

Cite this

WANG, J., & LI, J. (2015). When can harms disaggregation imply precautionary effort? In Proceedings of 2014 China International Conference On Insurance And Risk Management (pp. 596-600). Tsinghua University Press.