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• W2121372213 abstract "This paper examines preferences toward particular classes of lottery pairs. We show how such concepts as prudence and temperance can be fully characterized by a preference relation over these lotteries. If preferences are defined in an expectedutility framework with differentiable utility, the direction of preference for a particular class of lottery pairs is equivalent to signing the n th derivative of the utility function. What makes our characterization appealing is its simplicity, which seems particularly amenable to experimentation." @default.
• W2121372213 created "2016-06-24" @default.
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• W2121372213 date "2006-02-01" @default.
• W2121372213 modified "2023-10-03" @default.
• W2121372213 title "Putting Risk in Its Proper Place" @default.
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• W2121372213 doi "https://doi.org/10.1257/000282806776157777" @default.
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