Intertemporal risk aversion – or – wouldn’t it be nice to tell whether Robinson Crusoe is risk averse?
| dc.creator | Traeger, Christian P. | |
| dc.date | 2017-04-01T18:44:18Z | |
| dc.date.accessioned | 2026-07-09T05:13:33Z | |
| dc.description | The paper introduces a new notion of risk aversion that is independent of the good under observation and its measure scale. The representational framework builds on a time consistent combination of additive separability on certain consumption paths and the von Neumann & Morgenstern (1944) assumptions. In the one-commodity special case, the new notion of risk aversion closely relates to a disentanglement of standard risk aversion and intertemporal substitutability. | |
| dc.identifier | doi:10.22004/ag.econ.90421 | |
| dc.identifier | https://ageconsearch.umn.edu/record/90421/files/CUDARE%201102%20Traeger.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/90421 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/560733 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/90421 | |
| dc.title | Intertemporal risk aversion – or – wouldn’t it be nice to tell whether Robinson Crusoe is risk averse? | |
| dc.type | Text |