期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2007
卷号：2007
出版社：Bergen
摘要：In this paper we propose benchmark values for the coefficients
of relative risk aversion and relative prudence on the basis of a binary choice
model where the decision maker chooses between aggregating or disaggragating
multiplicative risks. We relate our results to the decison maker’s willingness to
trade-off the second with the first and the third (central) moment of his wealth
distribution.
