Search Results - subject:"Relative risk aversion"

Relative Risk Aversion: What Do We Know?

Meyer, Donald; Meyer, Jack - In: Journal of Risk and Uncertainty 31 (2005) 3, pp. 243-262

The relative risk aversion measure that represents the risk preferences of a decision maker depends on the outcome … addition, the relationship between any two such relative risk aversion measures is determined by the relationship between the … corresponding outcome variables. These well-known facts are used to adjust several reported estimates of relative risk aversion so …

Persistent link: https://www.econbiz.de/10005709722

An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy

Harashima, Taiji - EconWPA - 2005

The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...

Persistent link: https://www.econbiz.de/10005126406

Tax Amnesties and the Self-Selection of Risk-Averse Taxpayers

Marchese, Carla; Privileggi, Fabio - In: European Journal of Law and Economics 18 (2004) 3, pp. 319-341

Persistent link: https://www.econbiz.de/10005705260

Elicited bid functions in (a)symmetric first-price auctions

Pezanis-Christou, Paul; Sadrieh, Abdolkarim - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric and asymmetric bidders. To study the extent of strategic behavior, we use an experimental design that elicits bidders' complete bid functions in each round (auction) of the...

Persistent link: https://www.econbiz.de/10010851480

Fairness Under Risk: Insights from Dictator Games

Babicky, Vitezslav - Center for Economic Research and Graduate Education and … - 2003

Recent theories of fairness (e.g., Bolton & Ockenfels, 2000; Fehr & Schmidt, 1999) have typically used the assumption of ex ante known pie size. Here I explore theoretically the ramifications of pie size being unknown ex ante. Using a simple allocation problem known as dictator game, I find that...

Persistent link: https://www.econbiz.de/10005086648

What to Do if Dollar is Not a Dollar? The Impact of Inflation Risk on Production and Risk Management

Adam-Müller, Axel F. A. - Zentrum für Finanzen und Ökonometrie, Fachbereich … - 2001

Persistent link: https://www.econbiz.de/10005357882

Using farm consumption data to estimate the intertemporal elasticity of substitution and relative risk aversion coefficients

Abdulkadri, Abdullahi O.; Langemeier, Michael R. - In: Agricultural Finance Review 60 (2000) 1, pp. 61-70

data provided estimates for the intertemporal elasticity of substitution and the coefficient of relative risk aversion … elasticity of substitution and the coefficient of relative risk aversion ranged from 0.158 to 0.351 and from 2.849 to 6 …

Persistent link: https://www.econbiz.de/10014667259

The Relationship Between Risk Attitude and Strength of Preference: A Test of Intrinsic Risk Attitude

Smidts, Ale - In: Management Science 43 (1997) 3, pp. 357-370

In a field study, the concept of intrinsic risk attitude is investigated. Intrinsic risk attitude concerns the relationship between risk attitude, measured by the utility function u(x), and strength of preference, measured by the value function v(x). We study farmers' decision-making vis-à-vis...

Persistent link: https://www.econbiz.de/10009203809

Risk preference and indirect utility in portfolio-choice problems

Roy, Santanu; Wagenvoort, Rien - In: Journal of Economics 63 (1996) 2, pp. 139-150

Persistent link: https://www.econbiz.de/10005715579

Relative risk aversion: increasing or decreasing?

Graves, Philip E. - Volkswirtschaftliche Fakultät, … - 1979

While there is no abstract for this paper, it makes an argument that relative risk aversion is decreasing in wealth …

Persistent link: https://www.econbiz.de/10008567680