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An alternative explanation for the variation in reported estimates of risk aversion
Journal of Risk
An Alternative Explanation for the Variation in Reported Estimates of Risk Aversion 1 There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking feature of this literature is the very wide variation in the reported estimates of the coefficients. While there are often legitimate reasons for these differences in the estimates, there is another source of variation that has not been considered to date. The Arrow-Pratt coefficients aredoi:10.21314/jor.2013.263 fatcat:rhrtftk2vfhxhpjci6xhb2qeye