IDEAS home Printed from https://ideas.repec.org/a/ren/journl/v4y2012i1p151-156.html
   My bibliography  Save this article

A Note on the Generalised Measures of Risk Aversion

Author

Listed:
  • TAPAN BISWAS

    (Department of Economics, University of Hull)

Abstract

(Originally published in Journal of Economic Theory (1983), 29, 347-352) - This paper is concerned with generalised scalar measures of risk aversion. A measure R which may meaningfully be applied to both unidimensional risks (risk in income or wealth) and multidimensional risks has been constructed. In case of iden- tical preferences, we have also constructed an alternative measure of risk aversion R* which is shown to be related to the Khilstrom-Mirman measure. This relationship explains the nature of the Khilstrom-Mirman measure. Journal of Economic Literature Classification Numbers: 021, 022, 026.

Suggested Citation

  • Tapan Biswas, 2012. "A Note on the Generalised Measures of Risk Aversion," Review of Economic Analysis, Rimini Centre for Economic Analysis, vol. 4(1), pages 151-156, June.
  • Handle: RePEc:ren:journl:v:4:y:2012:i:1:p:151-156
    as

    Download full text from publisher

    File URL: http://www.rofea.org/***
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tapan Biswas & Jolian Mchardy, 2012. "Asking Price And Price Discounts: The Strategy Of Selling An Asset Under Price Uncertainty," Review of Economic Analysis, Rimini Centre for Economic Analysis, vol. 4(1), pages 17-37, June.
    2. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," CORE Discussion Papers 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ren:journl:v:4:y:2012:i:1:p:151-156. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Jerzy (Jurek) Konieczny). General contact details of provider: http://www.rcfea.org/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.