| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076797 | Insurance: Mathematics and Economics | 2012 | 8 Pages |
Abstract
⺠We introduce ambiguity into target and starting wealth distributions. ⺠Ambiguity aversion decreases the optimal effort when the target is ambiguity. ⺠Ambiguity aversion increases the optimal effort when the starting is ambiguity. ⺠Higher-order risk preferences are characterized for the sufficient conditions.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Rachel J. Huang,