Eeckhoudt, Louis; Schlesinger, Harris - In: Economics Letters 105 (2009) 1, pp. 46-48
We re-examine the utility premium of Friedman-Savage [Friedman, Milton and Savage, Leonard J., "The Utility Analysis of Choices Involving Risk." Journal of Political Economy 56, 1948, pp. 279-304.]. This measure is useful in understanding risky choices. For instance its reaction to an increased...