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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/pii/S1090-9443(06)00041-X
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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. Ignacio Palacios-Huerta & Roberto Serrano & Oscar Volij, 2003. "Rejecting Small Gambles Under Expected Utility," Economics Working Papers 0032, Institute for Advanced Study, School of Social Science.
    2. Matthew Rabin., 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Economics Working Papers E00-279, University of California at Berkeley.
    3. 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.
    4. Karni, Edi, 1979. "On Multivariate Risk Aversion," Econometrica, Econometric Society, vol. 47(6), pages 1391-1401, November.
    5. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    6. Richard Watt, 2002. "Defending Expected Utility Theory: Comment," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 227-229, Spring.
    7. Miles S. Kimball, 1989. "Precautionary Saving in the Small and in the Large," NBER Working Papers 2848, National Bureau of Economic Research, Inc.
    8. 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.
    9. Sydney Ludvigson & Christina H. Paxson, 1997. "Approximation bias in linearized Euler equations," Research Paper 9712, Federal Reserve Bank of New York.
    10. 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.
    11. Jordi Caballé & Joan Esteban, 2003. "Stochastic Dominance and Absolute Risk Aversion," UFAE and IAE Working Papers 602.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    12. 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).
    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. 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.
    16. Kihlstrom, Richard E. & Mirman, Leonard J., 1974. "Risk aversion with many commodities," Journal of Economic Theory, Elsevier, vol. 8(3), pages 361-388, July.
    17. 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.
    18. 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.
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