Monotone transformation of utility: Some particular cases

Authors
Godfroid, P
Citation
P. Godfroid, Monotone transformation of utility: Some particular cases, ECON LETT, 71(2), 2001, pp. 241-245
Citations number
5
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
71
Issue
2
Year of publication
2001
Pages
241 - 245
Database
ISI
SICI code
0165-1765(200105)71:2<241:MTOUSP>2.0.ZU;2-U
Abstract
In this paper we develop for two particular utility functions a technique t hat generalizes the fundamental work of Pratt on a 'more risk averse' funct ion to the n(th) order of absolute risk aversion. (C) 2001 Published by Els evier Science B.V.