Risk aversion and expected-utility theory: a calibration exercise

DOI10.1007/s11166-007-9017-6zbMath1151.91431OpenAlexW3123087267MaRDI QIDQ2461595

Laura Schechter

Publication date: 28 November 2007

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-007-9017-6

zbMATH Keywords

ExperimentsRisk aversionExpected utility theoryAsset integrationParaguay

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Individual preferences (91B08)

Related Items (4)

Risk aversion and expected utility of consumption over time ⋮ The stochastic mitra-wan forestry model: risk neutral and risk averse cases ⋮ Measuring the time stability of prospect theory preferences ⋮ On efficiency of mean–variance based portfolio selection in defined contribution pension schemes

Cites Work

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• Relative risk aversion: what do we know?
• Rejecting small gambles under expected utility
• Choice bracketing. (With commentaries)
• Small- and large-stakes risk aversion: Implications of concavity calibration for decision theory
• A Model of Reference-Dependent Preferences*
• Myopic Loss Aversion and the Equity Premium Puzzle
• Risk Vulnerability and the Tempering Effect of Background Risk
• Another Type of Risk Aversion
• On the Theory of Risk Aversion
• Estimating risk attitudes using lotteries: a large sample approach
• Debates and decisions: On a rationale of argumentation rules.

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