Relaxing standard hedging assumptions in the presence of downside risk

Mean-Risk Analysis with Risk Associated with Below-Target Returns

Peter C. Fishburn · American Economic Review · 1975 · 1.2K citations

Risk Vulnerability and the Tempering Effect of Background Risk

Christian Gollier, John W. Pratt · Econometrica · 1996 · 774 citations

Economics, Financial Risk Management, Unfair Background Risk +14

Two-Moment Decision Models and Expected Utility Maximization

Jack Meyer · American Economic Review · 2016 · 609 citations

A characterization of the distributions that imply mean—Variance utility functions

Gary Chamberlain · Journal of Economic Theory · 1983 · 436 citations

Expectation Formation, Utility Theory, Economics +11

Variance vs downside risk: Is there really that much difference?

Henk Grootveld, Winfried G. Hallerbach · European Journal of Operational Research · 1999 · 279 citations

Value-at-risk, Much Difference, Risk Management +8