Detail Arrow-Pratt Measures of Risk Aversion : The Multivariate Case   Oleh:  Levy, Haim ; Levy, Azriel Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991), page 891-898. Topik: risks; arrow - pratt measures; risk aversion; multivariate case Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Arrow - Pratt measures of risk aversion have been defined for the univariate case. For utility functions having the same ordinal preferences, we extend Arrow's probability premium index to the multivariate case and obtain a unique solution which can be employed to risk - aversion comparison analysis. We also extend Duncan's definition of the risk premium vector and show that it can be employed in comparative risk aversion once we confine ourselves to the same preference ordering. Hence, we end up with two multivariate risk indexes which are parallel to the Arrow and Pratt univariate indexes. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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