An Operational Measure of Riskiness
We propose a measure of riskiness of “gambles” (risky assets) that is objective: it depends only on the gamble and not on the decision maker. The measure is based on identifying for every gamble the critical wealth level below which it becomes “risky” to accept the gamble.
Year of publication: |
2009
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Authors: | Foster, Dean P. ; Hart, Sergiu |
Published in: |
Journal of Political Economy. - University of Chicago Press. - Vol. 117.2009, 5, p. 785-785
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Publisher: |
University of Chicago Press |
Saved in:
Online Resource
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