会议专题

Risk Preference under Stochastic Environment

We introduce a quantity describing the risk preference of the optimal decision problem under random environment, which extends the ArrowPratt coefficient of relative risk aversion for the utility function. We show the existence of wellbehaved solutions to the evolution equation of the quantity.

riskpreference Arrow-Prattcoefficientofthe relative risk aversion optimal decision evolution equation existence

Naoyuki ISHIMURA MasaAki NAKAMURA

Graduate School of EconomicsHitotsubashi UniversityKunitachi, Tokyo 186-8601, Japan College of Science and Technology Nihon University Kanda-Surugadai, Tokyo 101-8308, Japan

国际会议

2011 International Conference on Business Management and Electronic Information(2011商业管理与电子信息国际学术会议 BMEI2011)

广州

英文

1-3

2011-05-13(万方平台首次上网日期,不代表论文的发表时间)