American Economic Review: Vol. 103 No. 4 (June 2013)

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Even (Mixed) Risk Lovers Are Prudent: Comment

Article Citation

Ebert, Sebastian. 2013. "Even (Mixed) Risk Lovers Are Prudent: Comment." American Economic Review, 103(4): 1536-37.

DOI: 10.1257/aer.103.4.1536

Abstract

Crainich, Eeckhoudt, and Trannoy (2013) show that mixed risk lovers are prudent. I show that common risk loving utility functions may not exhibit mixed risk loving––as is typical for risk aversion and mixed risk aversion––and thus these traits should be carefully distinguished. In particular, risk lovers may be imprudent.

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Authors

Ebert, Sebastian (Institute for Financial Economics and Statistics, U Bonn)

JEL Classifications

D81: Criteria for Decision-Making under Risk and Uncertainty


American Economic Review


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