Browsing Discussion papers (SAM) by Author "Etner, Johanna"
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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 ...