Chapter 3. The Theory of Risk and Risk Aversion

Risk and risk aversion are important concepts when modeling how to choose from or rank a set of random variables. This chapter reviews and summarizes the definitions and related findings concerning risk aversion and risk in both a mean-variance and an expected utility decision model context.

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Year of publication:	2014
Authors:	Meyer, Jack
Published in:	Handbook of the economics of risk and uncertainty : volume 1. - Amsterdam : Elsevier, North-Holland, ISBN 978-0-444-53686-0. - 2014, p. 99-133
Subject:	Risk Aversion \| Increases in Risk \| Stochastic Dominance \| Theorie \| Theory \| Risiko \| Risk \| Risikoaversion \| Risk aversion \| Entscheidung unter Risiko \| Decision under risk

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-444-53685-3.00003-9 [DOI]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014025529