Greater mutual aggravation

Sebastian Ebert, Diego Nocetti, Harris Schlesinger

Research output: Contribution to journalArticleScientificpeer-review

14 Citations (Scopus)


A large strand of research has identified when (i) a single risk is undesirable and (ii) two independent risks aggravate each other. We extend this line of inquiry by establishing when (iii) mutual aggravation is greater for greater risks. This natural property of \textit{greater mutual aggravation} explains recent experimental findings on higher-order risk preferences, and can guide managerial behavior when risks in the decision environment become more severe.
Original languageEnglish
Pages (from-to)2809-2811
JournalManagement Science
Issue number6
Publication statusPublished - Jun 2018


  • mixed risk aversion
  • mutual aggravation
  • risk apportionment
  • stochastic dominance
  • utility premium
  • prudence


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