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Self-insurance, self-protection and increased risk aversion
3 references·16 citing·36 second hop
Self-insurance, self-protection and increased risk aversion (1985)Self-insurance, self-protection and incre…Some Stronger Measures of Risk Aversion in the Small and the Large with Applications (1981)Some Stronger Measures of Ris…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Bankruptcy and care choice (2018)Bankruptcy and care choiceMoral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States (2017)Moral Hazard in Natural Disas…The Theory of Insurance Demand (2013)The Theory of Insurance DemandThe Effect of Ambiguity Aversion on Insurance and Self‐protection (2013)The Effect of Ambiguity Avers…Risk Management: History, Definition, and Critique (2013)Risk Management: History, Def…Ambiguity aversion and the propensities for self-insurance and self-protection (2010)Ambiguity aversion and the pr…Optimal prevention and prudence in a two-period model (2009)Optimal prevention and pruden…Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market (2006)Multiple Dimensions of Privat…Higher-order generalizations of Arrow–Pratt and Ross risk aversion: A comparative statics approach (2006)Higher-order generalizations …The impact of prudence on optimal prevention (2005)The impact of prudence on opt…Screening risk-averse agents under moral hazard: single-crossing and the CARA case (2005)Screening risk-averse agents …Should More Risk-Averse Agents Exert More Effort? (1999)Should More Risk-Averse Agent…Risk Aversion in Rent-Seeking and Rent-Augmenting Games (1997)Risk Aversion in Rent-Seeking…Non-Expected Utility and The Robustness of the Classical Insurance Paradigm (1995)Non-Expected Utility and The …Background Risk, Prudence, and the Demand for Insurance (1992)Background Risk, Prudence, an…Risk Aversion and the Propensities for Self-Insurance and Self-Protection (1990)Risk Aversion and the Propens…Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)A model of insurance markets with incomplete information (1977)Sources of Advantageous Selection: Evidence from the Medigap Insurance Market (2008)The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market (2008)Estimating Welfare in Insurance Markets Using Variation in Prices * (2010)American Economic Review (2019)Aspects of the Theory of Risk-Bearing. (1966)Financial Intermediation and Delegated Monitoring (1984)Theory of Financial Decision Making. (1988)Cash Crop Production, Food Price Volatility, and Rural Market Integration in the Third World (1992)Increases in risk and in risk aversion (1974)Market Insurance, Self-Insurance, and Self-Protection (1992)Econometric Models of Insurance under Asymmetric Information (2000)Precautionary Saving in the Small and in the Large (1990)An Examination of the Demand for Life Insurance (2003)Risk, Ambiguity, and the Savage Axioms (1961)Essays in the Theory of Risk-Bearing. (1972)Maxmin expected utility with non-unique prior (1989)Optimal insurance design of ambiguous risks (2014)Ambiguous Tipping Points (2015)Managing Catastrophic Climate Risks Under Model Uncertainty Aversion (2016)Market Insurance, Self-Insurance, and Self-Protection (1972)Value At Risk: The New Benchmark for Managing Financial Risk (2000)Explaining the Rate Spread on Corporate Bonds (2001)A risk perspective on human resource management: A review and directions for future research (2015)Risk management in SMEs: A systematic literature review and future directions (2019)Known Unknowns in an Era of Technological and Viral Disruptions—Implications for Theory, Policy, and Practice (2021)Testing for Prudence and Skewness Seeking (2011)Joint measurement of risk aversion, prudence, and temperance (2014)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)Insurance with undiversifiable risk: Contract structure and organizational form of insurance firms (1993)Background Risks and the Value of a Statistical Life (2001)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1981Some Stronger Measures of Risk Aversion in the Small and the Large with Applications450 cited

Cited by

  • 2006Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market701 cited
  • 2013Risk Management: History, Definition, and Critique289 cited
  • 1990Risk Aversion and the Propensities for Self-Insurance and Self-Protection227 cited
  • 2005The impact of prudence on optimal prevention211 cited
  • 1999Should More Risk-Averse Agents Exert More Effort?193 cited
  • 1992Background Risk, Prudence, and the Demand for Insurance187 cited
  • 2013The Effect of Ambiguity Aversion on Insurance and Self‐protection164 cited
  • 2013The Theory of Insurance Demand155 cited
  • 2010Ambiguity aversion and the propensities for self-insurance and self-protection129 cited
  • 2009Optimal prevention and prudence in a two-period model123 cited
  • 1997Risk Aversion in Rent-Seeking and Rent-Augmenting Games122 cited
  • 2017Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States

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113 cited
  • 2006Higher-order generalizations of Arrow–Pratt and Ross risk aversion: A comparative statics approach111 cited
  • 1995Non-Expected Utility and The Robustness of the Classical Insurance Paradigm99 cited
  • 2018Bankruptcy and care choice99 cited
  • 2005Screening risk-averse agents under moral hazard: single-crossing and the CARA case92 cited