Construct · 1 fields · 1 citations

risk vulnerability: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

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Insurance economics

the property that adding an unfair background risk makes a person more averse to other independent risks.

In insurance economics, risk vulnerability refers to the property that adding an unfair background risk makes a person more averse to other independent risks. This meaning comes from Gollier (1996) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

background risk1 fields · 1 citationsanchor · a standalone construct person3 fields · 6 citationsjingle · one word, three constructs property4 fields · 4 citationsjingle · one word, four constructs

References

Gollier, C., & Pratt, J. W. (1996). Risk Vulnerability and the Tempering Effect of Background Risk. Econometrica, 64(5), 1109. https://doi.org/10.2307/2171958

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