Measure of Individual Risk Aversion and Its Correlates Cover Image

Miera individuálnej averzie k riziku a jej koleráty
Measure of Individual Risk Aversion and Its Correlates

Author(s): Marián Rimarčík, Tatiana Varcholová
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: risk; uncertainty; risk aversion

Summary/Abstract: The article deals with the measuring of individual risk aversion and the study of factors correlating with this measure. We used the model for quantification of risk aversion developed in research [8] which is based on derivation of Arrow-Pratt measure. Our research also proved that risk aversion is dominant attitude and risk aversion decreases with the increasing income and men have lower risk aversion than women. There were two significant factors: the overweight (stated by BMI) and the will to set up own business.

  • Issue Year: 52/2004
  • Issue No: 05
  • Page Range: 598-612
  • Page Count: 15
  • Language: Slovak