# relative risk aversion

### Does Relative Risk Aversion Vary with Wealth? Evidence from Households' Portfolio Choice Data

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**aversion**varies with ...of

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**aversion**varying with wealth over time after correcting those two mis-identification ...

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### Option bounds from concurrently expiring options when relative risk aversion is bounded

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**aversion**is bounded above and below by γ and γ respectively, we show that given n observed options, the upper (lower) option bound is given by a pricing kernel that has ...

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### Estimation of discount factor (beta) and coefficient of relative risk aversion (gamma) in selected countries

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**aversion**tends to have a negative bias due to small sample problem. He also showed that the other estimates in the equation are not biased. In the next sections we ...

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### Volatility and Correlation Timing in Active Currency Management

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**aversion**equal to 6 is willing to pay for switching from MLR to one of the dynamic strategies and is reported in annual basis ...

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### A Reconsideration of the Equity Premium Puzzle

**risk**free ...the

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**aversion**and time preference rate for several economies using the theoretical framework developed ...median

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**aversion**...

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### Optimal Investment Strategy for Defined Contribution Pension Scheme under the Heston Volatility Model

**Relative**

**Risk**

**Aversion**(CRRA) utility function was considered, vola- tility was assumed to follow the Heston model with constant interest rate, while How to cite this paper: Okonkwo, ...

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### Impact of the Degree of Relative Risk Aversion, the Interest Rate and the Exchange Rate Depreciation on Economic Welfare in a Small Open Economy

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### Testing the Optimality of Consumption Decisions of the Representative Household: Evidence from Brazil

**relative**

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**aversion**from the intertemporal elasticity of substitution, is ...constant

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**aversion**...substitution,

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**aversion**...

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### Two Equations on the Pareto Efficient Sharing of Real GDP Risk

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**aversion**, which may be below or above ...RGDP

**risk**even when both the borrower and the lender have the same

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**risk**

**aversion**that is below or above ...

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### Extraction of non renewable resources: a differential game approach

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### What can multiple price lists really tell us about risk preferences?

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**aversion**(CRRA) implied by a switch between choosing option A and option B under the assumption that subjects have prospect-theory preferences where they weigh ...

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### The Effect of Prices on Risk Aversion

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**aversion**. While the effect of wealth upon

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**aversion**is very well understood, it seems curious that no analysis of the effects of prices has been done, given that the indirect ...

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### Fat Tails and Spurious Estimation of Consumption Based Asset Pricing Models

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### Endogenous Growth Models in Open Economies: A Possibility of Permanent Current Account Deficits

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**aversion**is because it has been reported that the degree of

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**aversion**in Japan is relatively higher than that in the ...of

**risk**...

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### Should the optimal portfolio be region specific? A multi region model with monetary policy and asset price co movements

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### Towards a Purely Behavioral Definition of Loss Aversion

**aversion**should be viewed as not only a result of the utility function’s curvature, but also as a consequence of the difference in which probabilities of gains and probabilities of losses are distorted, then ...

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### Standard Risk Aversion and Efficient Risk Sharing

**risk**y e in …nal wealth. The background

**risk**is drawn from a compact interval Y R ; it can take both positive and negative values and is statistically independent of x: e 5 The probability ...

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### Bargaining, Aggregate Demand and Employment

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### Standard Risk Aversion and Efficient Risk Sharing

**risk**on the group’s investment ...background

**risk**y e that raises the representative agent’s expected marginal utility under the optimal choice ; ...

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### Experimental Studies of Impacts of Reference Point and Its Change on Individual Value

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