Measuring Risk Aversion: 6 - Brossura

Meyer, Donald J.; Meyer, Jack

Brossura

ISBN 10: 193301945X ISBN 13: 9781933019451

Casa editrice: Now Pub, 2006

Riassunto

The measurement of the propensity to accept or reject risk is an important and well researched topic. Measuring Risk Aversion summarizes, discusses, and interprets the published research on this topic for decision makers who maximize expected utility. Estimates of the magnitude of relative risk aversion range widely from near zero to values approaching one hundred, and whether the slope of the risk aversion measure is positive, negative or zero is an unsettled question for many measures, including relative risk aversion. Measuring Risk Aversion shows that a substantial part of this variation is due to the differences in the outcome variables used in the analysis. Measuring Risk Aversion provides a detailed discussion of the adjustment of risk references and how to go about making such adjustments to a common scale. By adjusting all information to this common scale, results across studies can be easily summarized and compared, and the body of information concerning risk aversion can be examined as a whole rather than as individual parts.

Dettagli dell'edizione

• Editore: Now Pub
• Data di pubblicazione: 2006
• Lingua: Inglese
• ISBN 10: 193301945X
• ISBN 13: 9781933019451
• Rilegatura: Copertina flessibile
• Numero di pagine: 112
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile