Relative Risk Aversion: Increasing or Decreasing?
AbstractWhile there is no abstract for this paper, it makes an argument that relative risk aversion is decreasing in wealth rather than increasing in wealth as hypothesized by Arrow, using the money demand findings of Friedman.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Journal of Financial and Quantitative Analysis.
Volume (Year): 14 (1979)
Issue (Month): 02 (June)
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Other versions of this item:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
- D14 - Microeconomics - - Household Behavior - - - Personal Finance
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Milton Friedman, 1959.
"The Demand for Money: Some Theoretical and Empirical Results,"
Journal of Political Economy,
University of Chicago Press, vol. 67, pages 327.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," NBER Chapters, in: The Demand for Money: Some Theoretical and Empirical Results, pages 1-29 National Bureau of Economic Research, Inc.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," NBER Books, National Bureau of Economic Research, Inc, number frie59-1, December.
- Graves, Philip E, 1976.
"Wealth and Cash Asset Proportions,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 8(4), pages 487-96, November.
- Graves, Philip E., 1978.
"New evidence on income and the velocity of money,"
19899, University Library of Munich, Germany.
- Sun, Qian & Tong, Wilson H.S., 2010. "Risk and the January effect," Journal of Banking & Finance, Elsevier, vol. 34(5), pages 965-974, May.
- Graves, Philip E., 1980.
"The velocity of money: evidence for the U.K. 1911-1966,"
19900, University Library of Munich, Germany.
- Graves, Philip E, 1980. "The Velocity of Money: Evidence for the U.K., 1911-1966," Economic Inquiry, Western Economic Association International, vol. 18(4), pages 631-39, October.
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