Optimal Risk-Sharing When Risk Preferences are Uncertain

1987 ◽  
Vol 38 (1) ◽  
pp. 17
Author(s):  
Pamela Clark Brown
Keyword(s):  
Risk Sharing ◽  
Risk Preferences ◽  
Optimal Risk Sharing

Experimental Stock Markets with Controlled Risk Preferences

1992 ◽  
Vol 7 (2) ◽  
pp. 117-134 ◽  
Author(s):  
John R. O'Brien
Keyword(s):  
Risk Sharing ◽  
Competitive Equilibrium ◽  
Risk Preferences ◽  
World Market ◽  
Equilibrium Price ◽  
Double Auction ◽  
Pareto Optimal ◽  
Market Institution ◽  
Certainty Equivalents ◽  
Optimal Risk Sharing

In this paper the empirical validity of the binary lottery preference inducing technique is tested in a real world market institution. In each market the potential gains to exchange arise from induced risk preferences, and the predicted competitive equilibrium is equivalent to the Pareto optimal risk sharing allocation. Price convergence to (and near) the competitive equilibrium price was rapid in each market, and most trades were individually rational with respect to induced certainty equivalents. This evidence implies that preferences can be induced in an oral double auction institution, using this technique.

Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Reply

2018 ◽  
Vol 108 (10) ◽  
pp. 3114-3115 ◽  
Author(s):  
Maurizio Mazzocco ◽  
Shiv Saini
Keyword(s):  
Risk Sharing ◽  
Risk Preferences

Optimal risk-sharing under mutually singular beliefs

2014 ◽  
Vol 72 ◽  
pp. 41-49 ◽  
Author(s):  
Dejian Tian ◽  
Weidong Tian
Keyword(s):  
Risk Sharing ◽  
Optimal Risk Sharing

On comonotonicity of Pareto optimal risk sharing

2008 ◽  
Vol 78 (10) ◽  
pp. 1181-1188 ◽  
Author(s):  
Michael Ludkovski ◽  
Ludger Rüschendorf
Keyword(s):  
Risk Sharing ◽  
Pareto Optimal ◽  
Optimal Risk Sharing
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