Measuring Risk Aversion: 6 (Foundations and Trends® in Microeconomics) - Softcover

Meyer, Donald J.; Meyer, Jack A.

Softcover

ISBN 10: 193301945X ISBN 13: 9781933019451

Publisher: now publishers Inc, 2006

Synopsis

The measurement of the propensity to accept or reject risk is an important and well researched topic. Measuring Risk Aversion summarizes, discusses, and interprets the published research on this topic for decision makers who maximize expected utility. Estimates of the magnitude of relative risk aversion range widely from near zero to values approaching one hundred, and whether the slope of the risk aversion measure is positive, negative or zero is an unsettled question for many measures, including relative risk aversion. Measuring Risk Aversion show that a substantial part of this variation is due to the differences in the outcome variables used in the analysis. Measuring Risk Aversion provides a detailed discussion of the adjustment of risk references and how to go about making such adjustments to a common scale. By adjusting all information to this common scale, results across studies can be easily summarized and compared, and the body of information concerning risk aversion can be examined as a whole rather than as individual parts.

About this title

About the Author

Meyer has a science degree. He has worked as a consultant, a real estate developer, a homebuilder and renovator. He lives on the East coast

Edition details

• Publisher: now publishers Inc
• Publication date: 2006
• Language: English
• ISBN 10: 193301945X
• ISBN 13: 9781933019451
• Binding: Paperback
• Number of pages: 112