The DOI matches its Crossref record.
Risk Aversion in the Small and in the Large
Abstract
This paper concerns utility functions for money. A measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another. Risks are also considered as a proportion of total assets.
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Citations
Cited by
Prospect theory: An analysis of decision under risk
Kahneman, D., & Tversky, A. (1988) · Decision, Probability and Utility · doi:10.1017/cbo9780511609220.014 · Cited by 32,474
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
On the measurement of inequality
Atkinson, A. B. (1970) · Journal of Economic Theory · doi:10.1016/0022-0531(70)90039-6 · Cited by 3,945
A domain‐specific risk‐attitude scale: measuring risk perceptions and risk behaviors
Weber, E. U., Blais, A., & Betz, N. E. (2002) · Journal of Behavioral Decision Making · doi:10.1002/bdm.414 · Cited by 2,936
SKEWNESS PREFERENCE AND THE VALUATION OF RISK ASSETS*
Kraus, A., & Litzenberger, R. H. (1976) · The Journal of Finance · doi:10.1111/j.1540-6261.1976.tb01961.x · Cited by 1,769
Metadata
- Authors
- Pratt, J. W.
- Venue
- Econometrica
- Publisher
- JSTOR
- Published
- 1976-03
- Volume
- 44
- Issue
- 2
- Pages
- 420
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W2580645530
- Cited by
- 4,654
- References
- 0
- FWCI
- 53.89
- Type
- journal article
- Language
- en
- Open access
- closed
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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How to cite
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- CoChat. (2026). Citation check: Risk Aversion in the Small and in the Large. https://app.cochat.ai/papers/10.2307/1912743
- The paper
- Pratt, J. W. (1976). Risk Aversion in the Small and in the Large. Econometrica. https://doi.org/10.2307/1912743
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
