First-order risk aversion and non-differentiability

Economic Theory

Volumn 9, Issue 1, 1997, Pages 179-183

  Segal, Uzi ^a   Spivak, Avia ^b  

^a UNIVERSITY OF WESTERN ONTARIO   (Canada)

^b BEN GURION UNIVERSITY OF THE NEGEV   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031288027     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/bf01213452     Document Type: Article

References (11)

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4. 4. Epstein, L. G., Zin, S. E.: The independence axiom and asset returns. NBER Technical Working Paper No. 109, 1991
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9. 9. Montesano, A.: The risk aversion measure without the independence axiom. Theory and Decision 24, 269-288 (1988)
10. 10. Pratt, J.: Risk aversion in the small and in the large. Econometrica 32, 122-136 (1964)
11. 11. Segal, U., Spivak, A.: First-order versus second-order risk aversion. Journal of Economic Theory 51, 111-125 (1990)