On the Theory of Risk Aversion

DOI10.2307/2525326zbMath0225.90002OpenAlexW1978368160MaRDI QIDQ5632322

D. L. Hanson, Carmen F. Menezes

Publication date: 1970

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2525326

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (14)

Credibilistic risk aversion ⋮ Precautionary saving: a taxonomy of prudence ⋮ A new parametric test for the structure of risk preferences ⋮ On relative and partial risk attitudes: theory and implications ⋮ Benchmark values for higher order coefficients of relative risk aversion ⋮ Risk aversion and expected-utility theory: a calibration exercise ⋮ Incentive compatibility and the quantity-setting competitive firm under demand uncertainty ⋮ The effects of stochastic wages and non-labor income on labor supply: update and extensions ⋮ Global identification of risk preferences with revealed preference data ⋮ Explaining S{\&}P500 option returns: an implied risk-adjusted approach ⋮ Labor supply with stochastic wage rate and non-labor income uncertainty ⋮ Constant returns to scale and competitive equilibrium under uncertainty ⋮ Relative risk aversion: what do we know? ⋮ Measures of risk attitude: correspondences between mean-variance and expected-utility approaches

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