Preference Among Risky Prospects Under Constant Risk Aversion
- 1 December 1988
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Agricultural and Applied Economics
- Vol. 20 (2) , 25-34
- https://doi.org/10.1017/s0081305200017568
Abstract
Risk analyses often require a measure of individual risk aversion. Here a procedure is presented to calculate risk aversion parameter ranges wherein individuals would exhibit preference among a set of risky prospects.Keywords
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