Constant Risk Aversion, The Dual Theory, and the Gini Inequality Index.

Constant risk aversion means that adding the same constant to all outcomes of two distributions, or multiplaying all their outcomes by the same positive constant, will not change the preformence relation between them. In this paper we prove several representation theorems, where constant risk aversion is combined with some other known axioms to imply specific functional forms.

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Year of publication:	1997
Authors:	Safra, Z. ; Segal, U.
Institutions:	University of Western Ontario, Department of Economics
Subject:	RISK \| ECONOMIC THEORY

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Series:	UWO Department of Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	34 pages
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005515482