Relative Risk Aversion: What Do We Know?

By Donald J. Meyer, Jack Meyer. 2005

225 citations recorded by the source corpus.

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The Relationship between Relative Risk Aversion and the Level of Education: A Survey and Implications for the Demand for Life Insurance (2015, unknown): “Although the measure of RRA is invariant to the unit in which the outcome variable is measured, this elasticity measure is sensitive to what is included or excluded when defining or measuring a variable (Meyer and Meyer, 2005).”
Should Governments Use a Declining Discount Rate in Project Analysis? (2014, methodology): “Figure 4 Estimates of forward rates for the United States Source: Newell and Pizer (2003), random walk model; Groom et al.”
Strategic IPOs and product market competition (2011, background): “12 See, for example, Ruffin (1971), Okuguchi (1973), Dixit and Stiglitz (1977), Loury (1979), von Weizsäcker (1980), and Mankiw and Whinston (1986).”
Risk Aversion, Risk Behavior, and Demand for Insurance: A Survey (2013, background): “As shown by Meyer and Meyer (2005), variations in the way the outcome variable of a risky choice is defined or measured significantly alter the relative risk aversion measure determined by the decision maker.”
Quadratic Variance Swap Models (2016, unknown): “This literature mainly focuses on 6 Most of the survey data suggest values of the relative risk aversion between 0.23 and eight, e.g., Meyer and Meyer (2005).”