Effects of Background Risks on Cautiousness with an Application to a Portfolio Choice Problem

• Material Type: 文書・図像類
• Title: Effects of Background Risks on Cautiousness with an Application to a Portfolio Choice Problem
• Author/Editor: 原, 千秋; Huang, James; Kuzmics, Christoph
• Author Heading: 原, 千秋 ハラ, チアキ; Huang, James; Kuzmics, Christoph
• Publication, Distribution, etc.: Institute of Economic Research, Hitotsubashi University
• Publication Date: 2008-03
• Publication Date (W3CDTF): 2008-03
• Contributor: 世代間問題研究プロジェクト（世代間問題の経済分析） = Economic Analysis of Intergenerational Issues, Project on Intergenerational Equity; 一橋大学経済研究所世代間問題研究機構 = Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University
• Text Language Code: eng
• Subject Heading: Risk aversion; risk tolerance; cautiousness; portfolio insurance; idiosyncratic risks; background risks; incomplete markets
• Target Audience: 一般
• Note (General): March 31, 2008 -- Title page; 科学研究費補助金（特別推進研究） = Grant-in-Aid for Specially Promoted Research
• Format (IMT): application/pdf
• Source: fulltext; https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/15708/pie_dp368.pdf
• Access Restrictions: インターネット公開
• Related Material (URI): URI; http://cis.ier.hit-u.ac.jp/English/; http://www.ier.hit-u.ac.jp/pie/stage2/Japanese/
• Periodical Title: PIE/CIS Discussion Paper ; No. 368
• Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• Original Data Provider (Database): 一橋大学 : HERMES-IR(一橋大学機関リポジトリ) : Research & Education Resources

• Summary, etc.: We provide a necessary and a sufficient condition on an individual's expected utility function under which any zero-mean idiosyncratic risk increases ...