A note on comparative downside risk aversion
- Autori: MODICA S; SCARSINI MARCO
- Anno di pubblicazione: 2005
- Tipologia: Articolo in rivista (Articolo in rivista)
- Parole Chiave: downside risk; downside risk aversion; risk vulnerability
- OA Link: http://hdl.handle.net/10447/30096
Abstract
We provide comparative global conditions for downside risk aversion, which are similar to the ones studied by Ross for risk aversion. We define a coefficient of downside risk aversion and study its local properties.