When Ross meets Bell: The linex utility function
نویسندگان
چکیده
منابع مشابه
ROSS MEETS BELL: Linex utility and riskier background risk
At rst glance, there would appear to be no relationship between Bell's (1988) concept of one-switch utility functions and that of a stronger measure of risk aversion due to Ross (1981). We show however that speci c assumptions about the behavior of the stronger measure of risk aversion also give rise to the linex utility function which belongs to the class of one-switch utility functions. In pa...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2013
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2013.01.006