Relative Risk Aversion: Increasing or Decreasing?

B-Tier
Journal: Journal of Financial and Quantitative Analysis
Year: 1979
Volume: 14
Issue: 2
Pages: 205-214

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

The existence of risk aversion in portfolio theory can be explained by positing a concave utility function of wealth. In some cases it is useful to construct some measure of risk aversion rather than merely accept its existence.

Technical Details

RePEc Handle
repec:cup:jfinqa:v:14:y:1979:i:02:p:205-214_00
Journal Field
Finance
Author Count
1
Added to Database
2026-01-25