Within this paper we give a characterization of the decreasing absolute risk aversion. We define two functions that allow us to compare the decision maker’s utility increments. In particular, we study the comparison across different asset levels and the comparison across agents having different utility functions.
Some remarks about the risk aversion
MARINA, MARIA ERMINIA;RAVERA, MARINA
2010-01-01
Abstract
Within this paper we give a characterization of the decreasing absolute risk aversion. We define two functions that allow us to compare the decision maker’s utility increments. In particular, we study the comparison across different asset levels and the comparison across agents having different utility functions.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
