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An Alternative Explanation for the Variation in Reported Estimates of Risk Aversion
variability in risk aversion estimation mean-variance estimation location scale
2012/10/22
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking feature of this literature is the very wide variation in the reported estimates of th...
What is effect of random variation in State jobless rates
random variation State jobless rates
2009/5/19
State and local users of the data may tend to assume that the rates have low levels of dispersion; however, a closer analysis reveals large variances attributed to sample size.