The Ross Characterization of Risk Aversion: Strengthening and Extension

DOI10.2307/1911264zbMATH Open0635.90010OpenAlexW2000772543MaRDI QIDQ3775280FDOQ3775280

Authors: Mark J. Machina, William S. Neilson 

Publication date: 1987

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/ef3fde42ceeb3f1550297deed1156c09409a4fcf

Recommendations

• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
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zbMATH Keywords

characterizations of comparative risk aversionexpected utility maximizerssmooth non-expected utility preferences

Mathematics Subject Classification ID

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

Cited In (20)

• Comparative ross risk aversion in the presence of mean dependent risks
• Univariate and multivariate measures of risk aversion and risk premiums
• Comparative statics in an ordinal theory of choice under risk
• The monetary utility premium and interpersonal comparisons
• The logic of partial-risk aversion: Paradox lost
• Health and portfolio choices: a diffidence approach
• Differentiability, comparative statics, and non-expected utility preference
• Dual moments and risk attitudes
• Comparative statics and non-expected utility preferences
• Risk aversion and risk vulnerability in the continuous and discrete case
• Substituting one risk increase for another: a method for measuring risk aversion
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• Decreasing ross risk aversion: higher-order generalizations and implications
• Restricted increases in risk aversion and their application
• Portfolio characterization of risk aversion
• Financial risk taking in the presence of correlated non-financial background risk
• Two errors in the `Allais impossibility theorem'
• A strong (Ross) characterization of multivariate risk aversion
• A comparative characterization of higher-order Ross more risk aversion
• Demand for risky financial assets: A portfolio analysis

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