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Celem tego referatu jest prezentacja podstawowych pojęć związanych z awersją do ryzyka. Artykuł napisany jest w oparciu o literaturę przedmiotu. (fragment tekstu)
This paper presents a general conception of risk aversion in the context! of insurance. First, there are shown measures of risk aversion constructed by Pratt and Arrow and next is presented their relationship with risk premium and relative risk premium respectively. This paper puts forward postulated by Arrow hypotheses of behaviour aforementioned measures of risk aversion as wealth's level changes and depicts a brief survey of the researches connected with examining them. (original abstract)
Rocznik
Strony
393--402
Opis fizyczny
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autor
- Uniwersytet Łódzki
Bibliografia
- Arrow K.: Aspects of Theory of Risk-Bearing, Helsinki: Yrjo Jahnsson Lectures, 1965.
- Pratt J.: Risk Aversion in the Small and in the Large, "Econometrica", 1964.
- Campbell R.: The Demand for Life Insurance: An Application of Economics of Uncertainty, "Journal of Finance", 1980.
- Levy H.: Absolute and Relative Risk Aversion: An Experimental Study, "Journal of Risk and Uncertainty", 1994.
- Eisenhauer J.: Risk Aversion, Wealth, and the DARA Hypothesis: A New Test, International Advances in Economic Research, 1997.
- Szpiro G., The Hypotheses of Absolute and Relative Risk Aversion: An Empirical Study Using Cross-Section Data, Geneva Papers on Risk and Insurance, 1983.
- Eisenhauer J., Halek M.: Prudence, Risk Aversion, and the Demand for Life Insurance, Applied Economics Letters, 1999.
- Eisenhauer J., Halek M.: Demography of Risk Aversion, "Journal of Risk and Insurance", 2001.
Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171271661