Browsing by Subject "Risk aversion"

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  • Generalised means of simple utility functions with risk aversion 

    Conniffe, Denis (Economic & Social Studies, Dublin, 2008)
    The 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 ...

  • The generalised extreme value distribution as utility function 

    Conniffe, Denis (Economic & Social Studies, Dublin, 2007)
    The idea that probability distribution functions could provide appropriate mathematical forms for utility functions representing risk aversion is of respectable antiquity. But the relatively few examples that have appeared ...