Browsing Norges Handelshøyskole by Author "Eeckhoudt, Louis"
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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 ... -
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 ...