Information, Risk Aversion, and Healthcare Economics Reference library
Hendrik Schmitz and Svenja Winkler
The Oxford Encyclopedia of Health Economics
...risk aversion. They find effects of health shocks (as measured by a strong decline in hand-grip strength over time) on the willingness to take risks. More precisely, individual risk aversion increases by about 9% to 11% of a standard deviation in the risk preference. Hence, the traditional (implicit) assumption of constant risk preferences seems not to hold. Risk Perception and Health Behavior. In addition to the willingness to take health risks, the perception of risks is a potential further determinant of health behavior. The stronger the perceived risks,...
risk aversion Quick reference
A Dictionary of Economics (5 ed.)
...risk aversion The preference for a pay-off that is certain rather than a risky pay-off with the same expected value....
risk aversion Reference library
Dictionary of the Social Sciences
... aversion In economics, a person is risk averse if he or she prefers to forgo a risky investment in favor of a payment equal or lower in value to the fair value of the investment. For example, in a lottery with a 50 percent chance of winning nothing and a 50 percent chance of winning $100, the fair value is $50. The risk averse person will prefer a payment of $50 or less to participation in the lottery. The more risk averse, the lower that acceptable payment—the certainty equivalent —will be. The analogous terms are risk neutral and risk loving ....
risk aversion n. Quick reference
A Dictionary of Psychology (4 ed.)
... aversion n . A widespread characteristic of human preferences, first discussed in 1738 by the Swiss mathematician and physicist Daniel Bernoulli ( 1700–82 ), according to which most people tend to value gains involving risk ( 2 ) less than certain gains of equivalent monetary expectation. A typical example is a choice between a sure gain of 50 units (Swiss francs, dollars, pounds sterling, or any other units) and a gamble involving a 50 per cent probability of winning 100 units and a 50 per cent probability of winning nothing. The two prospects are...
risk aversion
Education Reference library
An Oxford Companion to the Romantic Age
...education had been a common practice among the highest social ranks in the middle ages, and this old custom became a new fashion from the later years of the seventeenth century. Some advanced educational commentators, led by Locke, developed an aversion to institutional or ‘public’ education because of the risks it might involve of exposure to moral contamination, or because of the constraints of the collective classroom on the free growth of the mind. The pedagogic theories of Rousseau and his English disciples helped sustain and spread the fashion. It was...
Ecclesiasticus, or The Wisdom of Jesus Son of Sirach Reference library
John J. Collins and John J. Collins
The Oxford Bible Commentary
...There is also evidence of Stoic influence in the notions of complementary opposites ( 33:14–15 ), teleology ( 39:21 ), and in the striking affirmation about God that ‘He is the all’ ( 43:27 ). There may be an echo of Epicurean teaching in 41:1–4 . Sirach certainly shows no aversion to foreign wisdom, but he seems to have favoured Hellenistic material that resembled Jewish traditions and conversely pays little attention to the most distinctive aspects of Judaism such as the levitical laws. E. The Text. 1. The textual history of Ben Sira's book is...
Matthew Reference library
Dale C. Allison, Jr. and Dale C. Allison, Jr.
The Oxford Bible Commentary
...as forbidding all oaths. (Tolstoy went so far as to affirm that Jesus' words require the abolition of courts.) Perhaps indeed the situation envisaged is not swearing in court but swearing in everyday speech. However that may be, early Christian literature does not show much aversion to swearing (e.g. Gal 1:20; Rev 10:6 ; Prot. Jas. 4:1 ), and Matthew itself seems to presuppose the validity of certain oaths ( 23:16–22 ). Further, the reduction of speech to ‘yes, yes’ and ‘no, no’ is obviously hyperbole. (The meaning of this last appears to be: let your...
loss aversion
risk-seeking
ambiguity aversion
certainty effect
framing effect
marginal utility
portfolio selection
certainty equivalent
risk-adjusted return on capital
endogenous preferences
second-order approximation
