Aumann, Robert J. (contributor); … - 2006
interested parties. The con-
cept of “risky investment” is commonplace in financial discussions, and seems to
have clear …-
tance. The index proposed here first surfaced during a visit of Aumann to Brown University
in March of 2004, and was applied … particular, how averse he is to risk.
The famous contributions of Arrow (1965, 1971) and Pratt (1964) address
item (ii) by …