The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain … framework for measuring price risk aversion through varying prices as opposed to varying payoffs, which has been common practice … function (DUF) and the IUF are dual to each other, implicitly suggesting that the degree of risk aversion (or risk seeking …

attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation … for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological … studies, we observe a strong correlation between compound risk aversion and ambiguity aversion, but this correlation only …