Browsing University of Missouri-Columbia by Title "The Precautionary Premium and the Risk-Downside Risk Tradeoff"

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  • The Precautionary Premium and the Risk-Downside Risk Tradeoff 

    Menezes, Carmen F.; Wang, X. H. (X. Henry), 1962- (Department of Economics, 2002)
    This paper shows that the precautionary premium embodies a tradeoff between risk and downside risk. It is the size of a mean-preserving spread for thish the strength of aversion to risk just offsets the strength of aversion ...