๐”– Bobbio Scriptorium
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Subjective expected utility with nonincreasing risk aversion

โœ Scribed by Peter P. Wakker


Book ID
112724105
Publisher
Springer US
Year
1989
Tongue
English
Weight
526 KB
Volume
19
Category
Article
ISSN
0254-5330

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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