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Louis Eeckhoudt [6]Louis R. Eeckhoudt [1]
  1.  23
    Economic and Financial Decisions Under Risk.Louis Eeckhoudt, Christian Gollier & Harris Schlesinger - 2005 - Princeton University Press.
    After examining these decisions in their one-period setting, they devote most of the book to a multiperiod context, which adds the long-term perspective most risk management analyses require.
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  2.  96
    Risk vulnerability: a graphical interpretation.Louis Eeckhoudt & Béatrice Rey - 2011 - Theory and Decision 71 (2):227-234.
    The article gives a graphical interpretation of the concept of risk vulnerability. It shows that in a specific context of binary lotteries the assumption of risk vulnerability adds to prudence what the assumption of decreasing absolute risk aversion adds to risk aversion. We end the presentation showing that results can be extended to the concept of multiplicative risk vulnerability.
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  3.  35
    Risk aversion, prudence, and asset allocation: a review and some new developments.Michel M. Denuit & Louis Eeckhoudt - 2016 - Theory and Decision 80 (2):227-243.
    In this paper, we consider the composition of an optimal portfolio made of two dependent risky assets. The investor is first assumed to be a risk-averse expected utility maximizer, and we recover the existing conditions under which all these investors hold at least some percentage of their portfolio in one of the assets. Then, we assume that the decision maker is not only risk-averse, but also prudent and we obtain new minimum demand conditions as well as intuitively appealing interpretations for (...)
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  4.  23
    The value of risk reduction: new tools for an old problem.David Crainich, Louis R. Eeckhoudt & James K. Hammitt - 2015 - Theory and Decision 79 (3):403-413.
    The relationship between willingness to pay to reduce the probability of an adverse event and the degree of risk aversion is ambiguous. The ambiguity arises because paying for protection worsens the outcome in the event the adverse event occurs, which influences the expected marginal utility of wealth. Using the concept of downside risk aversion or prudence, we characterize the marginal WTP to reduce the probability of the adverse event as the product of WTP in the case of risk neutrality and (...)
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  5.  19
    Risk aversion and the value of diagnostic tests.Han Bleichrodt, David Crainich, Louis Eeckhoudt & Nicolas Treich - 2020 - Theory and Decision 89 (2):137-149.
    Diagnostic tests allow better informed medical decisions when there is uncertainty about a patient’s health status and, therefore, about the desirability to undertake treatment. This paper studies the relation between the expected value of diagnostic information and a patient's risk aversion. We show that the ex ante value of diagnostic information increases with risk aversion for diseases with low prevalence, but decreases with risk aversion for diseases with high prevalence. On the other hand, the ex post value of diagnostic information (...)
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  6.  32
    Mean-preserving changes in risk with tail-dominance.Louis Eeckhoudt & Pierre Hansen - 1992 - Theory and Decision 33 (1):23-39.
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  7.  53
    Economics of Radiation Protection: Equity Considerations.Thierry Schneider, Caroline Schieber, Louis Eeckhoudt & Christian Gollier - 1997 - Theory and Decision 43 (3):241-251.
    In order to implement cost-benefit analysis of protective actions to reduce radiological exposures, one needs to attribute a monetary value to the avoided exposure. Recently, the International Commission on Radiological Protection has stressed the need to take into consideration not only the collective exposure to ionising radiation but also its dispersion in the population. In this paper, by using some well known and some recent results in the economics of uncertainty, we discuss how to integrate these recommendations in the valuation (...)
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