Nonparametric comparative revealed risk aversion

DOI10.1016/J.JET.2014.07.015MaRDI QIDQ406421zbMATH OpenOpenAlexFDO

Authors Jan Heufer

Publication date 8 September 2014

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2014.07.015

zbMATH Keywords

experimental economicsrisk preferencerevealed preferencecomparative risk aversionnonparametric analysis

Mathematics Subject Classification ID

Decision theory (91B06) Statistical methods; economic indices and measures (91B82) Consumer behavior, demand theory (91B42)

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Cites work

• A Definition of Uncertainty Aversion
• A Theory of Disappointment Aversion
• A simplified test for preference rationality of two-commodity choice
• A study of consumer behavior using laboratory data
• Afriat and Revealed Preference Theory
• Ambiguity made precise: A comparative foundation
• Comparative risk aversion: a formal approach with applications to saving behavior
• Efficiency Estimation of Production Functions
• Frontiers of Stochastically Nondominated Portfolios
• Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism
• Increasing uncertainty: a definition
• Individual Sense of Justice: A Utility Representation
• Intensity of the sense of fairness: Measurement and behavioral characterization
• Non-Parametric Tests of Consumer Behaviour
• Properties of a measure of predictive success
• Quasiconcave preferences on the probability simplex: a nonparametric analysis
• Revealed preference and expected utility
• Risk Aversion in the Small and in the Large
• Stochastic Dominance and Expected Utility: Survey and Analysis
• The Construction of Utility Functions from Expenditure Data
• The Efficiency Analysis of Choices Involving Risk
• The Nonparametric Approach to Demand Analysis

Cited in

(8)

• Comparative risk aversion
• A new parametric test for the structure of risk preferences
• Global identification of risk preferences with revealed preference data
• Comparing uncertainty aversion towards different sources
• A powerful tool for analyzing concave/convex utility and weighting functions
• Consistent subsets: computationally feasible methods to compute the Houtman-Maks-index
• Comparing risk aversion in a probability triangle
• Varieties of risk preference elicitation

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