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A survey measure of risk aversion

✍ Scribed by Claude Montmarquette; André Blais

Book ID
116100141
Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
291 KB
Volume
25
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.

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✍ Aldo Montesano 📂 Article 📅 1988 🏛 Springer US 🌐 English ⚖ 604 KB

The risk premium (conveniently normalized) is defined as the measure of risk aversion. This measure does not require any relevant assumption in the theory of choice under uncertainty except the existence of a certainty equivalent. In particular, the independence axiom is not required. The measure of