TY - JOUR PY - 2009// TI - An Operational Measure of Riskiness JO - Journal of political economy A1 - Foster, Dean P. A1 - Hart, Sergiu SP - 785 EP - 814 VL - 117 IS - 5 N2 - We propose a measure of riskiness of “gambles” (risky assets) that is objective: it depends only on the gamble and not on the decision maker. The measure is based on identifying for every gamble the critical wealth level below which it becomes “risky” to accept the gamble.
LA - SN - 0022-3808 UR - http://dx.doi.org/10.1086/644840 ID - ref1 ER -