Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072049 | Games and Economic Behavior | 2012 | 14 Pages |
Abstract
⺠We use an aggregation model to investigate risk attitudes of groups. ⺠We axiomatize a method of aggregation which results in a group which is less risky than each individual. ⺠That method is the sum of individual certainty equivalents.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christopher P. Chambers, Federico Echenique,