An Operational Measure of Riskiness

S-Tier
Journal: Journal of Political Economy
Year: 2009
Volume: 117
Issue: 5
Pages: 785 - 814

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a measure of riskiness of “gambles” (risky assets) that is objective: it depends only on the gamble and not on the decision maker. The measure is based on identifying for every gamble the critical wealth level below which it becomes “risky” to accept the gamble.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/644840
Journal Field
General
Author Count
2
Added to Database
2026-01-25