The paper introduces a new notion of risk aversion that is independent of the good under observation and its measure … consumption paths and the von Neumann & Morgenstern (1944) assumptions. In the one-commodity special case, the new notion of risk … aversion closely relates to a disentanglement of standard risk aversion and intertemporal substitutability. …

discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … relates different results in the literature by switching between different risk measures. It presents a parametric extension …

resulting representation uses only basic tools from risk analysis, but employs them recursively. The paper extends the concept … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …

discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … relates different results in the literature by switching between different risk measures. It presents a parametric extension …

The paper introduces a new notion of risk aversion that is independent of the good under observation and its measure … consumption paths and the von Neumann & Morgenstern (1944) assumptions. In the one-commodity special case, the new notion of risk … aversion closely relates to a disentanglement of standard risk aversion and intertemporal substitutability. …

resulting representation uses only basic tools from risk analysis, but employs them recursively. The paper extends the concept … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …

numerically. This analysis enables the hedger to select his appropriate level of risk aversion. …