Joint measurement of risk aversion, prudence and temperance
We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer risk aversion) in experiments. Higher-order risk compensations are defined within the proper risk apportionment model of Eeckhoudt and Schlesinger [American Economic Review, 96 (200...
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| Main Authors: | , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Bonn
Graduate School of Economics
2010
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| Series: | Bonn econ discussion papers
20/2010 |
| In: |
Bonn Econ Discussion Papers (2010,20)
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| Subjects: | |
| Online Access: | Verlag, Volltext: http://www.bgse.uni-bonn.de/bonn-econ-papers-1/archive/2010/sebastian-ebert-and-daniel-wiesen-joint-measurement-of-risk-aversion-prudence-and-temperance-no.-20-2010-1 Download aus dem Internet, Stand: 30.05.2011, Volltext: http://hdl.handle.net/10419/71891 |
| Author Notes: | by Sebastian Ebert and Daniel Wiesen |
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