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Risk aversion and expected-utility theory: A calibration theorem

In: HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I

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  • Matihew Rabin

Abstract

The following sections are included:INTRODUCTIONSOME CALIBRATIONS BASED ON A THEOREMDISCUSSION AND CONCLUSIONAPPENDIX: THE THEOREM AND A COROLLARYREFERENCES

Suggested Citation

  • Matihew Rabin, 2013. "Risk aversion and expected-utility theory: A calibration theorem," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 13, pages 241-252, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814417358_0013
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    Citations

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    Cited by:

    1. Boudreaux, Christopher J. & Nikolaev, Boris N. & Klein, Peter, 2019. "Socio-cognitive traits and entrepreneurship: The moderating role of economic institutions," Journal of Business Venturing, Elsevier, vol. 34(1), pages 178-196.
    2. Guohao Wang & Liying Yu, 2020. "Analysis of Enterprise Sustainable Crowdsourcing Incentive Mechanism Based on Principal-Agent Model," Sustainability, MDPI, vol. 12(8), pages 1-21, April.
    3. Ante Sterc, 2022. "Limited Consideration in the Investment Fund Choice," CERGE-EI Working Papers wp729, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    4. Kontosakos, Vasileios E. & Hwang, Soosung & Kallinterakis, Vasileios & Pantelous, Athanasios A., 2024. "Long-term dynamic asset allocation under asymmetric risk preferences," European Journal of Operational Research, Elsevier, vol. 312(2), pages 765-782.
    5. Holden, Stein T., 2018. "The Economics of Fertilizer Subsidies," CLTS Working Papers 9/18, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 16 Oct 2019.
    6. Fehmina Malik & Manjesh K. ~Hanawal & Yezekael Hayel & Jayakrishnan Nair, 2019. "Revenue Sharing in the Internet: A Moral Hazard Approach and a Net-neutrality Perspective," Papers 1908.09580, arXiv.org.
    7. Schäfers, Sebastian, 2022. "Product Lotteries and Loss Aversion," Working papers 2022/06, Faculty of Business and Economics - University of Basel.

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