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January 22, 2008Health Economics

Explaining the characteristics of the power (CRRA) utility family

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PWPeter P. WakkerTinbergen Institute

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Peter P. Wakker (2008) studied this question.

synapsesocial.com/papers/6a01c7308d267ec217d8be35https://doi.org/10.1002/hec.1331
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Also Consider

Synapse has enriched 3 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Risk Aversion in the Small and in the Large1976 · 4,702 citations
  2. 2Risk Aversion and Expected-utility Theory: A Calibration Theorem2000 · 1,682 citations
  3. 3Naturally Occurring Preferences and Exogenous Laboratory Experiments: A Case Study of Risk Aversion2007 · 289 citations