Work

On the Intensity of Downside Risk Aversion

Year: 2007

Type: article

Abstract: The degree of downside risk aversion (or equivalently prudence) is so far usually measured by -U'''/U''. We propose here another measure, U'''/U', which has interesting properties, different from those related to -U'''/U''. It also appears that the two measures are not mutually exclusive. Instead, they seem to be rather complementary as shown through an economic application.

Source: Digital Access to Libraries

Authors: Crainich, David, Eeckhoudt, Louis

Institutions: Université Catholique de Lille, Institut d'Economie Scientifique Et de Gestion, UCLouvain

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2297842634

FWCI: 0.247

Cites:

Cited by: 2

Related to: 10