Ruble, Richard - Groupe d'Analyse et de Théorie Économique Lyon … - 2011
An article about Kihlstrom and Mirman about comparative risk aversion with many goods is critiqued. If "more risk … averse" is interpreted as signifying that an individual is less willing to accept a median-preserving spread, then risk … individual has a greater directional risk premium, then risk aversion may be compared across individuals with different …