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Risk aversion

Known as: Increasing absolute risk aversion, Decreasing absolute risk aversion, Risk averse 
In economics and finance, risk aversion is the behavior of humans (especially consumers and investors), when exposed to uncertainty, to attempt to… Expand
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Papers overview

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Highly Cited
2004
Highly Cited
2004
The common folklore that giving options to agents will make them more willing to take risks is false. In fact, no incentive… Expand
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Highly Cited
2003
Highly Cited
2003
This paper develops a method of estimating the coefficient of relative risk aversion (g) from data on labor supply. The main… Expand
Highly Cited
2002
Highly Cited
2002
A menu of paired lottery choices is structured so that the crossover point to the high-risk lottery can be used to infer the… Expand
Highly Cited
2002
Highly Cited
2002
We study a space of coherent risk measuresMφ obtained as certain expansions of coherent elementary basis measures. In this space… Expand
Review
2001
Review
2001
We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is… Expand
Highly Cited
1997
Highly Cited
1997
Myopic loss aversion is the combination of a greater sensitivity to losses than to gains and a tendency to evaluate outcomes… Expand
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Highly Cited
1996
Highly Cited
1996
A relationship exists between aggregate risk-neutral and subjective probability distributions and risk aversion functions. Using… Expand
Highly Cited
1992
Highly Cited
1992
This paper concerns utility functions for money. A measure of risk aversion in the small, the risk premium or insurance premium… Expand
Highly Cited
1991
Highly Cited
1991
This paper investigates the testable restrictions on the time-series behavior of consumption and asset returns implied by a… Expand
Highly Cited
1989
Highly Cited
1989
This paper develops a class of recursive, but not necessarily expected utility, preferences over intertemporal consumption… Expand
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