Revista de Econom´a del Rosario. Vol. 14. No. 1. Enero - Junio 2011. 57 - 60
Adding one risk to another: generalizing the unavoidable
(background) risk
Received: January, 2011 - Accepted: March, 2011
Moawia Alghalith *
Economics Department.
University of West Indies.
Resumen
Este artfculo ofrece una generalization del modelo de riezgo subyacente. En primer lugar, se re-
lajan los supuestos de independencia. En segundo lugar, se adopta una forma funcional general.
Tercero, se adopta un tipo de riesgo general. Adicionalmente se presenta una nueva forma gene-
ral de riesgo subyacente.
Clasificacion JEL: D8, D2.
Palabras clave: Riesgo subyacente, incertidumbre.
Abstract
This paper provides a complete generalization of the background risk models. In so doing, first,
it relaxes the independence assumption. Second, it adopts a general functional form. Third, it
adopts a general type of risk. Furthermore, it introduces a new general form of background risk.
JEL Classification: D8, D2.
Keywords: Background risk, uncertainty.
*UWI. St. Augustine, Trinidad. Tel: (868) 7245804. E-mail: [email protected]
© Revista de Economta del Rosario. Universidad del Rosario.
ISSN 0123-5362 - ISSNE 2145-454x
More intriguing information
1. What should educational research do, and how should it do it? A response to “Will a clinical approach make educational research more relevant to practice” by Jacquelien Bulterman-Bos2. Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria
3. The Prohibition of the Proposed Springer-ProSiebenSat.1-Merger: How much Economics in German Merger Control?
4. Innovation in commercialization of pelagic fish: the example of "Srdela Snack" Franchise
5. The magnitude and Cyclical Behavior of Financial Market Frictions
6. La mobilité de la main-d'œuvre en Europe : le rôle des caractéristiques individuelles et de l'hétérogénéité entre pays
7. Rent Dissipation in Chartered Recreational Fishing: Inside the Black Box
8. The name is absent
9. Word searches: on the use of verbal and non-verbal resources during classroom talk
10. Moffett and rhetoric