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A Definition of Uncertainty Aversion

✍ Scribed by Epstein, Larry G.


Book ID
108533871
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
190 KB
Volume
66
Category
Article
ISSN
0034-6527

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Two definitions of risk aversion have recently been proposed for nonexpected utility theories of choice under uncertainty: the former refers the measure of risk aversion (Montesano 1985(Montesano , 1986(Montesano and 1988) ) directly to the risk premium (i.e. to the difference between the expected v