Convex and decreasing absolute risk aversion is proper
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DOI: 10.1016/j.econlet.2014.07.007
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More about this item
Keywords
Proper risk aversion; Convex absolute risk aversion; Background risk;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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