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dc.contributor.authorConniffe, Denis
dc.date.accessioned2011-12-21T10:22:48Z
dc.date.available2011-12-21T10:22:48Z
dc.date.issued2008
dc.identifier.citationConniffe, Denis. 'Generalised means of simple utility functions with risk aversion'. - Economic & Social Review, Vol. 39, No. 1, Spring, 2008, pp. 1?12, Dublin: Economic & Social Research Institute
dc.identifier.issn0012-9984
dc.identifier.otherJEL C01
dc.identifier.otherJEL E27
dc.identifier.urihttp://hdl.handle.net/2262/61372
dc.descriptionPaper delivered at the Twenty-First Annual Conference of the Irish Economic Association, Bunclody, Co. Wexford, April 25?27, 2007
dc.description.abstractThe paper examines the properties of a generalised mean of simple utilities each displaying risk aversion, that is, with first derivative positive and second derivative negative. It shows the mean is itself a valid utility function and argues that simple component utilities, each of which may have quite restricted risk aversion properties, can be parsimoniously combined through the generalised mean formula to give a much more versatile utility function.en
dc.language.isoen
dc.publisherEconomic & Social Studies
dc.relation.ispartofVol.XX, No. XX, Issue, Year
dc.sourceEconomic & Social Reviewen
dc.subjectRisk aversionen
dc.subjectUtility functionen
dc.subjectQuantitative economicsen
dc.titleGeneralised means of simple utility functions with risk aversion
dc.typeConference Paper
dc.typeJournal Article
dc.publisher.placeDublinen


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