The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Explaining the characteristics of the power (CRRA) utility family
Abstract
The power family, also known as the family of constant relative risk aversion (CRRA), is the most widely used parametric family for fitting utility functions to data. Its characteristics have, however, been little understood, and have led to numerous misunderstandings. This paper explains these characteristics in a manner accessible to a wide audience. Copyright © 2008 John Wiley & Sons, Ltd.
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Cites
Prospect Theory: An Analysis of Decision under Risk
Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524
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Tversky, A., & Kahneman, D. (1992) · Journal of Risk and Uncertainty · doi:10.1007/bf00122574 · Cited by 15,467
Cost-Effectiveness in Health and Medicine
(1996) · doi:10.1093/oso/9780195108248.001.0001 · Cited by 7,193
Barsky, R. B., Juster, F. T., Kimball, M. S., & Shapiro, M. D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555280 · Cited by 2,400
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Estimating Risk Preferences from Deductible Choice
Cohen, A., & Einav, L. (2007) · American Economic Review · doi:10.1257/aer.97.3.745 · Cited by 708
Cited by
Eliciting Risk and Time Preferences
Andersen, S., Harrison, G. W., Lau, M. I., & Rutström, E. E. (2008) · Econometrica · doi:10.1111/j.1468-0262.2008.00848.x · Cited by 984
Estimating Risk Preferences from Deductible Choice
Cohen, A., & Einav, L. (2007) · American Economic Review · doi:10.1257/aer.97.3.745 · Cited by 708
The Nature of Risk Preferences: Evidence from Insurance Choices
Barseghyan, L., Molinari, F., O'Donoghue, T., & Teitelbaum, J. C. (2013) · American Economic Review · doi:10.1257/aer.103.6.2499 · Cited by 348
Imitation and luck: An experimental study on social sampling
Offerman, T., & Schotter, A. (2009) · Games and Economic Behavior · doi:10.1016/j.geb.2008.03.004 · Cited by 52
Risk preferences and development revisited
Vieider, F. M., Martinsson, P., Nam, P. K., & Truong, N. (2019) · Theory and Decision · doi:10.1007/s11238-018-9674-8 · Cited by 47
Metadata
- Authors
- Wakker, P. P.
- Venue
- Health Economics
- Publisher
- Wiley
- Published
- 2008-01-22
- Volume
- 17
- Issue
- 12
- Pages
- 1329-1344
- ISSN
- 1057-9230 (ISSN-L)
- 1099-1050
- OpenAlex
- W2083791720
- Cited by
- 253
- References
- 6
- FWCI
- 6.39
- Type
- journal article
- Language
- en
- Open access
- closed
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