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Risk

  • Michael Allingham

Abstract

We digress from our main theme to discuss the attitudes to risk which are embodied in choice under uncertainty. We first define risk aversion and propose a measure of this. We then consider how the attitudes to risk embodied in different choice rules may be compared.

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Copyright information

© Michael Allingham 1999

Authors and Affiliations

  • Michael Allingham
    • 1
  1. 1.Magdalen CollegeOxfordUK

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