Higher-order Risk Aversion and its Intensities

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  • 高次リスク回避と高次リスク回避度
  • コウジ リスク カイヒ ト コウジ リスク カイヒド

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This paper surveys recent developments of higher-order risk aversion and its intensities, and examines a direction of their future research. First, we provide a brief review of risk aversion and its intensities. Then, we clarify why explorations of higher-order risk aversion and its intensities, are important and necessary from both theoretical and empirical viewpoints. Finally, current research of them is reviewed, and we give some comments on a direction of future research.


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