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Risk aversion in the large and in the small


Haug, Jorgen; Hens, Thorsten; Woehrmann, Peter (2013). Risk aversion in the large and in the small. Economics Letters, 118(2):310-313.

Abstract

Estimates of agents’ risk aversion differ between market studies and experimental studies. We demonstrate that these estimates can be reconciled through consistent treatment of agents’ propensity for narrow framing.

Estimates of agents’ risk aversion differ between market studies and experimental studies. We demonstrate that these estimates can be reconciled through consistent treatment of agents’ propensity for narrow framing.

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1 citation in Web of Science®
1 citation in Scopus®
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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Language:English
Date:February 2013
Deposited On:10 Jan 2013 15:01
Last Modified:16 Nov 2016 08:23
Publisher:Elsevier
ISSN:0165-1765
Free access at:Related URL. An embargo period may apply.
Publisher DOI:https://doi.org/10.1016/j.econlet.2012.11.013
Related URLs:http://ssrn.com/abstract=1876529
Permanent URL: https://doi.org/10.5167/uzh-68940

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