Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion
نویسندگان
چکیده
منابع مشابه
Nonparametric comparative revealed risk aversion
We introduce a nonparametric method to compare risk aversion of dierent investors based on revealed preference methods. Using Yaari’s (1969) denition of “more risk averse than”, we show that it is sucient to compare the revealed preference relations of two investors. is makes the approach operational; the central rationalisability theorem provides strong support for this approach. e approach...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1954695