Journal of Financial and Quantitative Analysis Vol. 14 No. 2 1979
Relative Risk Aversion: Increasing or Decreasing?
open access
Abstract
The existence of risk aversion in portfolio theory can be explained by positing a concave utility function of wealth. In some cases it is useful to construct some measure of risk aversion rather than merely accept its existence.
- DOI
- 10.2307/2330498
- Volume
- 14
- Issue
- 2
- Pages
- 205
- Sources
- crossref openalex