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Discrete Arrow–Pratt indexes for risk and uncertainty

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1 Published in 2020 at "Economic Theory"

DOI: 10.1007/s00199-020-01315-8

Abstract: The Arrow–Pratt index, a gold standard in studies of risk attitudes, is not directly observable from choice data. Existing methods to measure it rely on parametric assumptions. We introduce a discrete Arrow–Pratt index, and its… read more here.

Keywords: arrow pratt; arrow; risk uncertainty; discrete arrow ... See more keywords