• A benchmark value for relative prudence 

      Schroyen, Fred; Etner, Johanna; Eeckhoudt, Louis (Discussion paper, Working paper, 2007-10)
      In this paper we propose benchmark values for the coefficients of relative risk aversion and relative prudence on the basis of a binary choice model where the decision maker chooses between aggregating or disaggragatin ...
    • The values of relative risk aversion and prudence : a context-free interpretation 

      Eeckhoudt, Louis; Etner, Johanna; Schroyen, Fred (Working paper, Working paper, 2009-02)
      In this paper we apply to multiplicative lotteries the idea of preference for “harm disaggregation” that was used for additive lotteries in order to interpret the signs of successive derivatives of a utility function. In ...