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Risk aversion and prudence in the large

  • Eisenhauer, Joseph G.
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    File URL: http://www.sciencedirect.com/science/article/B6WWP-4MDGN84-2/2/d617abf5eb2cb68086d83db7c0fe38af
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    Article provided by Elsevier in its journal Research in Economics.

    Volume (Year): 60 (2006)
    Issue (Month): 4 (December)
    Pages: 179-187

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    Handle: RePEc:eee:reecon:v:60:y:2006:i:4:p:179-187
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622941

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    1. Don Bellante & Richard P. Saba, 1986. "Human Capital And Life-Cycle Effects On Risk Aversion," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 9(1), pages 41-51, 03.
    2. Sydney Ludvigson & Christina H. Paxson, 1999. "Approximation Bias in Linearized Euler Equations," NBER Technical Working Papers 0236, National Bureau of Economic Research, Inc.
    3. Miles S. Kimball, 1989. "Precautionary Saving in the Small and in the Large," NBER Working Papers 2848, National Bureau of Economic Research, Inc.
    4. Rabin, Matthew, 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Department of Economics, Working Paper Series qt731230f8, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    5. Marco G. Ercolani, 2004. "Risk aversion and risk loving in the small: a decomposition of the multivariate risk premium," Bulletin of Economic Research, Wiley Blackwell, vol. 56(1), pages 81-106, 01.
    6. Karni, Edi, 1979. "On Multivariate Risk Aversion," Econometrica, Econometric Society, vol. 47(6), pages 1391-1401, November.
    7. Jordi Caballe & Joan Ma. Esteban, 2002. "Stochastic Dominance and Absolute Risk Aversion," UFAE and IAE Working Papers 506.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    8. Palacios-Huerta, Ignacio & Serrano, Roberto, 2006. "Rejecting small gambles under expected utility," Economics Letters, Elsevier, vol. 91(2), pages 250-259, May.
    9. Richard Watt, 2002. "Defending Expected Utility Theory: Comment," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 227-229, Spring.
    10. CHANDER, Parkash, 2000. "A simple measure of risk aversion in the large and an application," CORE Discussion Papers 2000041, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    11. Kihlstrom, Richard E. & Mirman, Leonard J., 1974. "Risk aversion with many commodities," Journal of Economic Theory, Elsevier, vol. 8(3), pages 361-388, July.
    12. Connel Fullenkamp & Rafael Tenorio & Robert Battalio, 2003. "Assessing Individual Risk Attitudes Using Field Data From Lottery Games," The Review of Economics and Statistics, MIT Press, vol. 85(1), pages 218-226, February.
    13. repec:ebl:ecbull:v:4:y:2003:i:38:p:1-10 is not listed on IDEAS
    14. Duncan, George T, 1977. "A Matrix Measure of Multivariate Local Risk Aversion," Econometrica, Econometric Society, vol. 45(4), pages 895-903, May.
    15. Siegel, Frederick W & Hoban, James P, Jr, 1982. "Relative Risk Aversion Revisited," The Review of Economics and Statistics, MIT Press, vol. 64(3), pages 481-87, August.
    16. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, vol. 56, pages 279.
    17. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    18. Joseph G. Eisenhauer, 2006. "An integral index for measuring aversion to large-scale risks," Studies in Economics and Finance, Emerald Group Publishing, vol. 23(3), pages 202-210, August.
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