On the definition of risk aversion
type: Item
instance of: scholarly article
title: On the definition of risk aversion
zbMATH Open document ID: 0716.90002
DOI: 10.1007/BF00134104
author: Aldo Montesano
published in: Theory and Decision
publication date: 1990-01-01T00:00:00Z
review text: Two definitions of risk aversion are given. The former refers the measure of risk aversion to the risk premium. The latter defines risk aversion as a decreasing preference for an increasing risk. If the von Neumann- Morgenstern utility function exists both definitions are equivalent, in the other case not. Examples are given.
Mathematics Subject Classification ID: 91B16
zbMATH DE Number: 4181063
zbMATH Keywords: nonexpected utility
zbMATH Keywords: risk aversion
zbMATH Keywords: risk premium
reviewed by: Klaus Ehemann
MaRDI profile type: Publication
cites work: Risk aversion in the theory of expected utility with rank dependent probabilities
cites work: Temporal risk and the nature of induced preferences
cites work: The ordinal utility under uncertainty and the measure of risk aversion in terms of preferences
cites work: Q4732272
cites work: The risk aversion measure without the independence axiom
cites work: The Dual Theory of Choice under Risk
description: scientific article; zbMATH DE number 4181063