ON AVERSION TO POSITIVE RISKS AND PREFERENCE FOR NEGATIVE RISKS

被引：2

作者：

EDEN, B

机构：

[1] Carnegie-Mellon University, Pittsburgh

来源：

ECONOMICS LETTERS | 1979年 / 4卷 / 02期

关键词：

D O I：

10.1016/0165-1765(79)90221-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

An intertemporal Von Neumann-Morgenstern utility function may account for aversion to risks when only gains are at stake and preference for risks when only losses are at stake. It may therefore be used to account for the findings of Markowitz and Kahneman and Tversky. © 1979.

引用

页码：125 / 129

页数：5

共 10 条

[1] BEHAVIOR OF THE RATIONAL MAN BEFORE RISK - CRITICISM OF AMERICAN SCHOOL POSTULATES AND AXIOMS
Allais, M.
[J]. ECONOMETRICA, 1953, 21 (04) : 503 - 546
[2] Becker GS, 1971, ECON THEOR
[3] EDEN B, UNPUBLISHED
[4] EDEN B, 1979, REV EC STUD, P741
[5] EDEN B, 1977, J EC THEORY DEC, P228
[6] Ferguson C. E., 1972, MICROECONOMIC THEORY
[7] Friedman M., 1969, OPTIMUM QUANTITY MON, P1
[8] PROSPECT THEORY - ANALYSIS OF DECISION UNDER RISK
KAHNEMAN, D
TVERSKY, A
[J]. ECONOMETRICA, 1979, 47 (02) : 263 - 291
[9] MARKOWITZ H, 1952, J POLITICAL EC, V50, P151
[10] STIGLER GJ, 1977, AM EC REV MAR, P76

← 1 →