منابع مشابه
An Economic Index of Riskiness∗
Define the riskiness of a gamble as the reciprocal of the absolute risk aversion (ARA) of an individual with constant ARA who is indifferent between taking and not taking that gamble. We characterize this index by axioms, chief among them a “duality” axiom which, roughly speaking, asserts that less risk-averse individuals accept riskier gambles. The index is homogeneous of degree 1, monotonic w...
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We introduce a simple “riskier than” order between gambles, from which the index of riskiness of Aumann and Serrano (2007) is directly obtained.
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C onsidering the normative nature of the theories of justice, a distinguished theory of justice could be formulated based on the fundamental teachings of Islam. Hence a new set of indexes are required to put this new concept to test. Through detailed study of the Islamic teachings, the research seeks to formulate a comprehensive theory on economic justice (based on various economic rights). In ...
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مطالعات قبلی بازار بیمه را به صورت کلی در نظر می گرفتند اما در این مطالعه صنعت بیمه به عنوان متغیر مستفل به بیمه های زندگی و غیر زندگی شکسته شده و هم چنین بیمه های زندگی به رشته های مختلف بیمه ای که در بازار بیمه ایران سهم قابل توجهی دارند تقسیم میشود. با استفاده از روشهای اقتصاد سنجی داده های برای دوره های 48-89 از مراکز ملی داده جمع آوری شد سپس با تخمین مدل خود بازگشتی برداری همراه با تعدادی ...
15 صفحه اولA Generalized Measure of Riskiness
T paper proposes a generalized measure of riskiness that nests the original measures pioneered by Aumann and Serrano (Aumann, R. J., R. Serrano. 2008. An economic index of riskiness. J. Political Econom. 116(5) 810–836) and Foster and Hart (Foster, D. P., S. Hart. 2009. An operational measure of riskiness. J. Political Econom. 117(5) 785–814). The paper introduces the generalized options’ impli...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2008
ISSN: 0022-3808,1537-534X
DOI: 10.1086/591947