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On the Effect of Risk Aversion in Bimatrix Games

✍ Scribed by Caroline Berden; Hans Peters


Publisher
Springer US
Year
2006
Tongue
English
Weight
86 KB
Volume
60
Category
Article
ISSN
0040-5833

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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