Title of article
A verification of the expected utility calibration theorem
Author/Authors
William S. Neilson، نويسنده , , Harold Winter، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
5
From page
347
To page
351
Abstract
We investigate whether a single utility function can fit data from both small- and large-scale risks. Utility functions consistent with the wage–fatality risk tradeoff are less risk averse than those consistent with portfolio choice data, as predicted by the expected utility calibration theorem.
Keywords
Risk aversion , expected utility , Calibration theorem , Value of life
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
434884
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