Configuraciones de actitudes hacia el riesgo alternativas bajo UMD DRRA
CRRA IRRA DARA q>1, q>g q>1, q=g q>1, q<g CARA q=1, q>g q=1, q=g q=1, q<g IARA q<1, q>g q<1, q=g q<1, q<g Fuente: Saha (1997).
Siegel and Hoban (1982), for example, also found DRRA
for narrowly defined wealth and IRRA for a broader wealth measure that included nonmarketable and contingent (i.
After the DRRA
has been conducted, the contracting officer will determine if the standard DFARS data rights clauses provide the necessary rights for you and the government to accomplish the stated objectives.
A[prime](w) = 0, the u(w) must exhibit increasing relative risk aversion, since R[prime](w) = A(w) [greater than] 0; CRRA or DRRA
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Similarly, Morn and Suarez (1983) found IRRA among the less wealthy and DRRA among the most wealthy.
2] Using survey data on the proportion of wealth invested in risky assets, Jianakoplos and Bernasek (1998) found evidence of DRRA and found single women to be more risk averse than single men.
Hence, the IRRA hypothesis appears to hold when wealth is measured in terms of net assets, at least until the higher asset values, at which point the data yield evidence of the DRRA hypothesis.
Thus, when wealth is measured in terms of human capital, the DRRA hyp othesis appears to hold up to some high level of human capital, at which point the IRRA hypothesis seems more plausible.
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