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Measuring Risk Aversion

Donald J. Meyer Jack A. Meyer

$163.95   $131.20

Paperback

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English
now publishers Inc
15 September 2006
The measurement of the propensity to accept or reject risk is an important and well researched topic. Measuring Risk Aversion summarizes, discusses, and interprets the published research on this topic for decision makers who maximize expected utility. Estimates of the magnitude of relative risk aversion range widely from near zero to values approaching one hundred, and whether the slope of the risk aversion measure is positive, negative or zero is an unsettled question for many measures, including relative risk aversion. Measuring Risk Aversion shows that a substantial part of this variation is due to the differences in the outcome variables used in the analysis. Measuring Risk Aversion provides a detailed discussion of the adjustment of risk references and how to go about making such adjustments to a common scale. By adjusting all information to this common scale, results across studies can be easily summarized and compared, and the body of information concerning risk aversion can be examined as a whole rather than as individual parts.
By:   ,
Imprint:   now publishers Inc
Country of Publication:   United States
Volume:   6
Dimensions:   Height: 234mm,  Width: 156mm,  Spine: 5mm
Weight:   150g
ISBN:   9781933019451
ISBN 10:   193301945X
Series:   Foundations and Trends® in Microeconomics
Pages:   112
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Reviews for Measuring Risk Aversion

Thanksgiving, the myth, surrenders to Thanksgiving, the real story, in this collaboration of historians, scholars, and descendants of the Wampanoag people. The original event, attended by 90 Natives and 52 colonists probably lasted for three days and was held for political reasons. The village, Pauxet, now called Plymouth, was empty of its Native people who died of plague and left their fields, stores of corn, and supplies of baskets and pots. When the English arrived, they used the materials and saw them as God's providence. The Wampanoag interpreted their use as stealing. Nevertheless, a relationship developed between the decimated Wampanoag and the settlers based on the need for a military alliance of mutual protection against neighboring tribes. A gathering to celebrate the harvest was traditional to both peoples but was unlikely to be called Thanksgiving or to have a religious base. Neither turkey nor cranberries were eaten at the feast. Thanksgiving as we know it today evolved from this first gathering but hardly resembles it. This handsome volume is liberally illustrated with color photographs taken at the Plimoth Plantation with its staff in costumes of the period recreating the early days. Although the explanatory text indicates that the photos are of actors, the captions often do not, which may lead to some confusion. Despite this flaw, the story is well told and brings current scholarship to young people in an accessible form. A chronology, index, and brief explanation of the historical fact-finding process increases the usefulness to teachers and students. For another example on this same subject, see Kate Waters's Giving Thanks (below). (foreword, bibliography, photo credits) (Nonfiction. 10-13) (Kirkus Reviews)


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