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Negative assortative matching of risk-averse agents with transferable expected utility

โœ Scribed by Sam Schulhofer-Wohl


Book ID
116421389
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
115 KB
Volume
92
Category
Article
ISSN
0165-1765

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๐Ÿ“œ SIMILAR VOLUMES


Measures of risk aversion with expected
โœ Aldo Montesano ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer ๐ŸŒ English โš– 647 KB

In the expected utility case, the risk-aversion measure is given by the Arrow-Pratt index. Three proposals of a risk-aversion measure for the nonexpected utility case are examined. The first one sets "the second derivative of the acceptance frontier as a measure of local risk aversion." The second o