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CARACoalition Against Relationship Abuse (Brown University; Providence, RI)
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CARACGH (Comparative Genomic Hybridization) Array Reference-Free Algorithm
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CARAConstant Absolute Risk Aversion
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CARACode Auditing Reporting Application
CARACentral Arkansas Referees Association
CARAComputer-Assisted Resuscitation Algorithm
CARAClinton Animal Rescue & Adoption (Missouri)
CARAConservation and Reinvestment Act of 2001
CARACenter for Applied Research in Anthropology (Georgia)
CARACommunauté d'Agglomération de la Région Annemassienne (French: Agglomeration Community of the Annemasse Region; Annemasse, France)
CARACentral Africa Rights & AIDS Society (independent international charity; UK)
CARACriticality and Risk Assessment
CARAChoose a Random Adventure (gaming)
CARACargo And Rescue Aircraft
CARACoordination of Animal Rescue Agencies (UK)
CARAComputer-Aided Requirements Analysis
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References in periodicals archive ?
That would correspond to a strategy called constant absolute risk aversion (CARA).
It follows that if an individual has constant absolute risk aversion (CARA), it implies that [r.sub.1] = [r.sub.2], then A < 0 and [[dq.sup.T].sub.H]/dt < 0.
They are: constant absolute risk aversion (CARA), decreasing absolute risk aversion (DARA), increasing absolute risk aversion (IARA), constant relative risk aversion(CRRA), decreasing relative risk aversion (DRRA), and increasing relative risk aversion (IRRA).
Example 2: Constant Absolute Risk Aversion: U(C) - exp(- [rho]C).
Thus i [greater than or equal to] r under NIARA, with equality holding in the case of constant absolute risk aversion. On the other hand, the sign of p - r is ambiguous, and is the same as that of [g.sub.F]/[g.sub.L][g.sub.LL] - [g.sub.LF].
Indeed, constant absolute risk aversion is sufficient for own-price LeChatelier effects for labor demanded, since in the absence of wealth effects, risk preferences have no direct bearing on factor demands.
We carry on the analysis further by focusing on a decision-maker with constant absolute risk aversion. Equation 9 is then written as:
(2) is equal to -1 for constant absolute risk aversion (CARA): [A.sub.1] = [A.sub.2]
(14.) If subjects possess a different form of risk aversion, such as constant absolute risk aversion, then this will impact equilibrium behavior.
Specifically, the constant absolute risk aversion (CARA) utility function is used in this analysis.(3) Each taxpayer's preferences are represented by the von Neumann-Morgenstern utility function u(y) = -[e.sup.-ay], so the Arrow-Pratt measure of absolute risk aversion is A(y) = -u[double prime] (y)/u[prime] (y) = a.
As long as applicants do not exhibit constant absolute risk aversion, the hidden differences in wealth give rise to hidden differences in risk aversion.
Previous experimental studies that analyze (or control for) subjects' risk attitudes employ both constant absolute risk aversion (CARA; for example, Berg, Daley, Dickhaut and O'Brien [1986]) and constant relative risk aversion (CRRA; for example, Cox, Smith, and Walker [1988]) functional forms.