Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10010926905
Persistent link: https://www.econbiz.de/10010675380
In this paper we propose benchmark values for the coefficients of relative risk aversion and relative prudence on the basis of a binary choice model where the decision maker chooses between aggregating or disaggragating multiplicative risks. We relate our results to the decison maker's...
Persistent link: https://www.econbiz.de/10005043053