𝔖 Bobbio Scriptorium
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Preservation of “more risk averse” under expectations

✍ Scribed by David C Nachman


Book ID
118328984
Publisher
Elsevier Science
Year
1982
Tongue
English
Weight
396 KB
Volume
28
Category
Article
ISSN
0022-0531

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📜 SIMILAR VOLUMES


Measures of risk aversion with expected
✍ Aldo Montesano 📂 Article 📅 1991 🏛 Springer 🌐 English ⚖ 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