Risk

Michael Allingham
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Michael Allingham: Magdalen College

Chapter 3 in Rational Choice, 1999, pp 53-69 from Palgrave Macmillan

Abstract: Abstract We digress from our main theme to discuss the attitudes to risk which are embodied in choice under uncertainty. We first define risk aversion and propose a measure of this. We then consider how the attitudes to risk embodied in different choice rules may be compared.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14936-0_4

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DOI: 10.1007/978-1-349-14936-0_4

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