A Simple Approach for Measuring Higher-Order Arrow-Pratt Coefficients of Risk Aversion
References
- (2006) Elicitation using multiple price list formats. Experiment. Econom. 9(4):383–405.Crossref, Google Scholar
- (1971) Essays in the Theory of Risk-Bearing (Markham Publishing, Chicago).Google Scholar
- (2017) Measuring higher order ambiguity preferences. Experiment. Econom. 21(1):233–256.Google Scholar
- (1964) Measuring utility by a single-response sequential method. Behav. Sci. 9(3):226–232.Crossref, Google Scholar
- (2021) Experiencing risk: Higher-order risk attitudes in description- and experience-based decisions. J. Experiment. Psych. Learn. Memory Cognition 47(5):727–746.Crossref, Google Scholar
- (2022) The reflection effect for higher-order risk preferences. Rev. Econom. Statist. 104(4):705–717.Crossref, Google Scholar
- (2004) Option-implied risk aversion estimates. J. Finance 59(1):407–446.Crossref, Google Scholar
- (1996) Mixed risk aversion. J. Econom. Theory 71(2):485–513.Crossref, Google Scholar
- (2005) Skewness preference, risk aversion, and the precedence relations on stochastic changes. Management Sci. 51(12):1816–1828.Link, Google Scholar
- (2012) On relative and partial risk attitudes: Theory and implications. Econom. Theory 50(1):151–167.Crossref, Google Scholar
- (2015) Paradoxes and mechanisms for choice under risk. Experiment. Econom. 18(2):215–250.Crossref, Google Scholar
- (2008) On the intensity of downside risk aversion. J. Risk Uncertainty 36(3):267–276.Crossref, Google Scholar
- (2013) Even (mixed) risk lovers are prudent. Amer. Econom. Rev. 103(4):1529–1535.Crossref, Google Scholar
- (2010) Eliciting risk preferences: When is simple better? J. Risk Uncertainty 41(3):219–243.Crossref, Google Scholar
- (2010) Exploring higher order risk effects. Rev. Econom. Stud. 77(4):1403–1420.Crossref, Google Scholar
- (2014) Consistency of higher order risk preferences. Econometrica 82(5):1913–1943.Crossref, Google Scholar
- (2018) On the robustness of higher order risk preferences. J. Risk Insurance 85(2):313–333.Crossref, Google Scholar
- (2010) A general index of absolute risk attitude. Management Sci. 56(4):712–715.Link, Google Scholar
- (1993) How prudent are consumers? J. Political Econom. 101(6):1104–1113.Crossref, Google Scholar
- (2014) Joint measurement of risk aversion, prudence, and temperance. J. Risk Uncertainty 48(3):231–252.Crossref, Google Scholar
- (2006) Putting risk in its proper place. Amer. Econom. Rev. 96(1):280–289.Crossref, Google Scholar
- (2008) Changes in risk and the demand for saving. J. Monetary Econom. 55(7):1329–1336.Crossref, Google Scholar
- (2009a) The values of relative risk aversion and prudence: A context-free interpretation. Math. Soc. Sci. 58(1):1–7.Crossref, Google Scholar
- (1996) Changes in background risk and risk taking behavior. Econometrica 64(3):683–689.Crossref, Google Scholar
- (2009b) Apportioning of risks via stochastic dominance. J. Econom. Theory 144(3):994–1003.Crossref, Google Scholar
- (2003) Survey measures of risk aversion and prudence. Appl. Econom. 35(13):1477–1484.Crossref, Google Scholar
- (2004) Precautionary bidding in auctions. Econometrica 72(1):77–92.Crossref, Google Scholar
- (2016) A reconsideration of gender differences in risk attitudes. Management Sci. 62(11):3138–3160.Link, Google Scholar
- (2001) Wealth inequality and asset pricing. Rev. Econom. Stud. 68(1):181–203.Crossref, Google Scholar
- (2018) Stochastic volatility implies fourth-degree risk dominance: Applications to asset pricing. J. Econom. Dynam. Control 95:155–171.Crossref, Google Scholar
- (1996) Risk vulnerability and the tempering effect of background risk. Econometrica 64(5):1109–1123.Crossref, Google Scholar
- (2002) Consumption over the life cycle. Econometrica 70(1):47–89.Crossref, Google Scholar
- (1996) Income risk, borrowing constraints, and portfolio choice. Amer. Econom. Rev. 86(1):158–172.Google Scholar
- (2020) Exploring the consistency of higher order risk preferences. Internat. Econom. Rev. 61(1):283–320.Crossref, Google Scholar
- (2008) Risk aversion in the laboratory. Cox JC, Harrison GW, eds. Risk Aversion in Experiments. Research in Experimental Economics, vol. 12 (Emerald Group Publishing Limited, Leeds, UK), 41–196.Crossref, Google Scholar
- (2002) Risk aversion and incentive effects. Amer. Econom. Rev. 92(5):1644–1655.Crossref, Google Scholar
- (2009) Learning from mistakes: What do inconsistent choices over risk tell us? J. Risk Uncertainty 38(2):143–158.Crossref, Google Scholar
- (1989) Choosing between risky prospects: The characterization of comparative statics results, and location independent risk. Management Sci. 35(1):60–70.Link, Google Scholar
- (2007) Higher-order generalizations of Arrow–Pratt and Ross risk aversion: A comparative statics approach. J. Econom. Theory 136(1):719–728.Crossref, Google Scholar
- (1990) Precautionary saving in the small and in the large. Econometrica 58(1):53–73.Crossref, Google Scholar
- (1992) Precautionary motives for holding assets. Newman P, Milgate M, Eatwell J, eds. The New Palgrave Dictionary of Money and Finance, vol. 3 (The Macmillan Press Limited, London), 158–161.Google Scholar
- (1993) Standard risk aversion. Econometrica 61(3):589–611.Crossref, Google Scholar
- (1980) Increasing downside risk. Amer. Econom. Rev. 70(5):921–932.Google Scholar
- (2014) Higher order risk attitudes, demographics, and financial decisions. Rev. Econom. Stud. 81(1):325–355.Crossref, Google Scholar
- (1964) Risk aversion in the large and in the small. Econometrica 32(1):122–136.Crossref, Google Scholar
- (1970) Increasing risk: I. A definition. J. Econom. Theory 2(3):225–243.Crossref, Google Scholar
- (2020) Higher order risk preferences: New measures, determinants and field behavior. IZA Discussion Paper No. 13646, Institute of Labor Economics, Bonn, Germany.Google Scholar
- (2024) Measuring utility: An application to higher order risk preferences. Working paper, Max Planck Institute for Research on Collective Goods, Bonn, Germany.Google Scholar
- (2010) Risk and time preferences: Linking experimental and household survey data from Vietnam. Amer. Econom. Rev. 100(1):557–571.Crossref, Google Scholar
- (2018) Higher order risk attitudes: A review of experimental evidence. Eur. Econom. Rev. 103:108–124.Crossref, Google Scholar
- (2008) Prudence in bargaining: The effect of uncertainty on bargaining outcomes. Games Econom. Behav. 62(1):211–231.Crossref, Google Scholar
- (2021) Multiple switching and data quality in the multiple price list. Rev. Econom. Statist. 103(1):136–150.Crossref, Google Scholar

