Comparative Risk Aversion under Background Risk Revisited
نویسندگان
چکیده
منابع مشابه
Risk Aversion, Wealth and Background Risk¤
We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to enter a lottery. We relate this measure to consumers’ endowment and attributes and to measures of background risk. We ...nd that risk aversion is a decreasing function of endowment thus rejecting CARA preferences but that the elasticity to consumption i...
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ژورنال
عنوان ژورنال: Economics Research International
سال: 2010
ISSN: 2090-2123,2090-2131
DOI: 10.1155/2010/180478