Risk Aversion in the Large and Small

Charles Moss

Chapter 4 in Risk, Uncertainty and the Agricultural Firm, 2010, pp 83-100 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Arrow–Pratt Risk Aversion CoefficientLocal Risk AversionTransformations of Scale for the Arrow–Pratt Absolute Risk Aversion CoefficientEliciting Risk Aversion CoefficientsDirect Elicitation of Utility FunctionsEqually Likely Risky Prospect and Finding Its Certainty Equivalent (ELCE)Summary

Keywords: Agricultural Economics; Decision Making under Uncertainty; Agricultural and Resource Policy; Proprietary Firms; Applied Finance (search for similar items in EconPapers)
Date: 2010
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