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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© 1999 Michael Allingham
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Allingham, M. (1999). Risk. In: Rational Choice. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14936-0_4
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DOI: https://doi.org/10.1007/978-1-349-14936-0_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-14938-4
Online ISBN: 978-1-349-14936-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)