Search Results - subject:"coefficient of risk aversion"

A model of enterprise-level crop yields under climate change : proof of concept, general computational strategy and partial implementation for the case of grain production in Saxony-Anhalt, Germany

Angelova, Denitsa - 2017

geometrical interpretation of the coefficient of risk-aversion, which is intrinsic to the farmer, as well as an approach to infer … this coefficient of risk-aversion from farm-level accounting data. A new indicator to detect the nature states is also …-contingent approach; Decision-making under uncertainty; State-contingent production analysis; Duality; Elicitation of the coefficient of …

Persistent link: https://www.econbiz.de/10012548990

The Value of a Statistical Life and the Coefficient of Relative Risk Aversion

Kaplow, Louis - In: Journal of Risk and Uncertainty 31 (2005) 1, pp. 23-34

Individuals’ risk preferences are estimated and employed in a variety of settings, notably including choices in financial, labor, and product markets. Recent work, especially in financial economics, provides estimates of individuals’ coefficients of relative risk aversion (R’s) in excess...

Persistent link: https://www.econbiz.de/10005709666

The Pearson system of utility functions

LiCalzi, Marco; Sorato, Annamaria - EconWPA - 2003

This paper describes a parametric family of utility functions for decision analysis. The parameterization is obtained by embedding the HARA class in a four-parameter representation for the risk aversion function. The resulting utility functions have only four shapes: concave, convex, S-shaped,...

Persistent link: https://www.econbiz.de/10005118574