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- W2022902081 abstract "In the last decade, the literature has established the empirical importance of the tradeoff between risk and downside risk in a variety of economic settings. While the notions of risk and downside risk have been generalized in the theoretical literature, the literature has yet to provide a choice-theoretic characterization of their tradeoff. This paper provides an analytical characterization of the risk-downside risk tradeoff and shows its relevance in the analysis of optimal decisions under uncertainty, such as the precautionary savings decision." @default.
- W2022902081 created "2016-06-24" @default.
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- W2022902081 date "2004-04-08" @default.
- W2022902081 modified "2023-09-27" @default.
- W2022902081 title "On the Risk-Downside Risk Tradeoff" @default.
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