Work

Non‐parametric estimation of decision makers' risk aversion

Year: 2002

Type: article

Abstract: A new non‐parametric method to estimate a decision maker's coefficient of absolute risk aversion from observed economic behaviour is explained. The method uses the expected value‐variance (E‐V) framework and quadratic programming. An empirical illustration is given using Norwegian farm‐level data.

Source: Agricultural Economics

DOI: 10.1111/j.1574-0862.2002.tb00106.x

Author: Gudbrand Lien

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

Funders: University of New England, Norges Forskningsråd

OpenAlex ID: W1999034159

FWCI: 1.082

Cites: 27

Cited by: 37

Related to: 10