Brandtner, Mario; Kürsten, Wolfgang - 2014
the one hand, and Ross (1981) on the other hand. The implications for two standard financial decision problems, namely the … widely-applied spectral Arrow-Pratt-measure is not a consistent measure of Arrow-Pratt-risk aversion. A decision maker with a … decision maker with a smaller spectral Arrow-Pratt-measure. We further show how a proper measure of Arrow-Pratt-risk aversion …