Relative risk
نویسندگان
چکیده
منابع مشابه
Decreasing relative risk premium
We consider the risk premium π demanded by a decision maker with present wealth x in order to be indifferent between obtaining a new level of wealth y1 with certainty, or to participate in a lottery which either results in unchanged wealth x or a level of wealth y2 > y1. We then define the relative risk premium λ as the quotient between π and the increase in wealth y1−x which the decision maker...
متن کاملDecreasing Relative Risk Aversion
The testable implication of the complete risk-sharing hypothesis depends on what is assumed on households' relative risk aversion (RRA) coefficient. We therefore use a hyperbolic absolute risk aversion (HARA) utility function, which includes increasing, constant, and decreasing RRA as special cases, to test this hypothesis. Using household level total non-durable consumption data from Indian vi...
متن کاملRelative Risk Calculations in R
This package computes relative risks for both prospective and retrospective samples using GLM and Logit-Log transformations. It will always produce relative risk estimates, although it may fail sometimes to produce confidence intervals.
متن کاملAlgebraic Relations Involving Relative Risk
Epidemiologists have long regarded relative risk (RR) as a key measure of association between two binary variables. Yet even when the sample is representative of the population, associations having a RR > 9 may have a relatively small value for Phi (φ < .3). This paper provides additional reasons for using RR instead of φ. (1) Formulas relating φ and RR are derived. A relative φ is constructed;...
متن کاملTime Dependent Relative Risk Aversion
Risk management and the thorough understanding of the relations between financial markets and the standard theory of macroeconomics have always been among the topics most addressed by researchers, both financial mathematicians and economists. This work aims at explaining investors’ behavior from a macroeconomic aspect (modeled by the investors’ pricing kernel and their relative risk aversion) u...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: BMJ
سال: 2007
ISSN: 0959-8138,1468-5833
DOI: 10.1136/bmj.39129.623368.be