Measuring multivariate risk preferences

Measuring multivariate risk preferences in the health domain

There is clear evidence that multivariate preferences are sign-dependent, with correlation aversion for gains and correlation seeking for losses. Therefore, we ...

Measuring Multivariate Risk Preferences - SSRN

We measure risk preferences for decisions that involve more than a single monetary attribute. According to theory, the multivariate risk ...

Multivariate risk preferences in the quality‐adjusted life year model

Data analysis was performed in R. We used the number of choices (out of 3) that are compatible with a given risk trait as our measurement of the strength of ...

Multivariate risk preferences in the quality‐adjusted life year model

We used the number of choices (out of 3) that are compatible with a given risk trait as our measurement of the strength of multi- and univariate ...

Measuring multivariate risk preferences

all we need to measure univariate risk aversion, prudence, and temperance as well as the multivariate risk preferences of correlation aversion, cross-prudence, ...

Measuring Multivariate Risk Preferences - ResearchGate

According to theory, the multivariate risk preferences correlation aversion, cross-prudence (coskewness preference) and cross-temperance ( ...

Multivariate risk preferences in the quality‐adjusted life year model

The interest in multivariate and higher‐order risk preferences has increased. A growing body of literature has demonstrated the relevance and impact of ...

Multivariate risk preferences in the QALY model

In this study we empirically measure multivariate and higher-order risk preferences for quality of life and longevity, the two elements of the.

On Multivariate Risk Aversion - jstor

This paper develops a matrix-measure of multivariate risk aversion which is related to a notion of risk premium and states the restrictions that must be ...

Univariate and multivariate measures of risk aversion and risk ...

Thus Rubinstein's measures of risk aversion are the appropriate extension of the Arrow-Pratt measures of risk aversion in the univariate case. We also derive a ...

Multivariate risk preferences in the quality-adjusted life year model

The interest in multivariate and higher-order risk preferences has increased. A growing body of literature has demonstrated the relevance ...

Measure of multivariate risk aversion - ResearchGate

Even when ordinal preferences are different from each other, we show that our definition of multivariate directional risk aversion can be applied to comparative ...

Data for: Measuring multivariate risk preferences in the health domain

Data for: Measuring multivariate risk preferences in the health domain. Published: 9 January 2019| Version 1 | DOI: 10.17632/j36vwzxzyc.1. Contributors:.

Multivariate risk preferences in the QALY model

In recent years the interest in multivariate and higher-order risk preferences has increased noticeably. A growing body of literature has ...

Measuring individual risk preferences - IZA World of Labor

Risk preferences are measured using surveys or incentivized games with real consequences. Reviewing the different approaches to measuring individual risk ...

Research on the measurement of general risk preference based on ...

The empirical analysis shows that the group with high risk preference has larger data on the two factors of GRiPS and SOEP, while the group with ...

To pay or not to pay: Measuring risk preferences in lab and field

RA i (all) Risk aversion: number of safe choices (A) for all subjects, taking values from 0 to 5, where 5 refers to extremely risk averse. RT i ...

Are Risk Preferences Stable? Comparing an Experimental Measure ...

We examine the stability of risk preference within subjects by comparing measures obtained from two elicitation methods, an economics experiment with real ...

On set-valued functionals: multivariate risk measures and Aumann ...

Next, multivariate risk measures are studied in a utility-based framework. It is assumed that the investor has a complete risk preference towards each ...

Measuring latent risk preferences - Erasmus University Rotterdam

A multivariate model of strategic asset allocation. Journal of Financial Economics 67(1), 41–80 (https://doi.org/10.1016/. S0304-405X(02)00231 ...