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dc.contributor.authorEeckhoudt, Louis
dc.contributor.authorEtner, Johanna
dc.contributor.authorSchroyen, Fred
dc.date.accessioned2009-06-10T08:39:26Z
dc.date.available2009-06-10T08:39:26Z
dc.date.issued2009-02
dc.identifier.issn1503-2140
dc.identifier.urihttp://hdl.handle.net/11250/166638
dc.description.abstractIn 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 this way, we can explain in general terms why the values of the coefficients of relative risk aversion and relative prudence are usually compared respectively to 1 and 2. We also show how these values partition the sets of risk averse and/or prudent decision makers into two subgroups.en
dc.language.isoengen
dc.publisherSNFen
dc.relation.ispartofseriesWorking paperen
dc.relation.ispartofseries2008:38en
dc.subjectrelative risk aversionen
dc.subjectrelative prudenceen
dc.titleThe values of relative risk aversion and prudence : a context-free interpretationen
dc.typeWorking paperen
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en


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