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Disaster aversion in the mean-disaster framework and its applications

Dennis W. Jansen & L. Liu

The Geneva Risk and Insurance Review2026https://doi.org/10.1057/s10713-025-00111-5article
AJG 2ABDC B
Weight
0.50

What the paper says

Abstract Risk is often understood as the likelihood of a disastrous event despite the predominant notion of risk measured by the dispersion in the distribution of an outcome variable. In a mean-disaster framework, this paper proposes a measure of disaster aversion and studies the three often-encountered problems of decision making under risk: self-protection, portfolio choice, and insurance demand. Clear-cut intuitive comparative statics results are obtained for each of these decisions with respect to the effect of the strength of disaster aversion.

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https://doi.org/https://doi.org/10.1057/s10713-025-00111-5

Or copy a formatted citation

@article{dennis2026,
  title        = {{Disaster aversion in the mean-disaster framework and its applications}},
  author       = {Dennis W. Jansen & L. Liu},
  journal      = {The Geneva Risk and Insurance Review},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1057/s10713-025-00111-5},
}

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Disaster aversion in the mean-disaster framework and its applications

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.