A General Index of Absolute Risk Attitude
نویسندگان
چکیده
Many results involving expected utility theory call upon the notions of absolute risk aversion, prudence and/or temperance. The present paper exploits a representation of the FriedmanSavage utility premium to give a general foundation for such coefficients and for their higherorder extensions.
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ورودعنوان ژورنال:
- Management Science
دوره 56 شماره
صفحات -
تاریخ انتشار 2010