Measuring Chinese Risk Aversion Based on Insurance Data

Authors

  • Li Diao Central University of Finance and Economics

DOI:

https://doi.org/10.14738/abr.712.7602

Keywords:

Risk Aversion, Insurance Data, Risk Management

Abstract

In the literature risk aversion has been widely studied by many scholars. However, little research is done about China’s market. In this paper we assume a model involves the insurance data and estimate the risk aversion in China. We use data from 1997 to 2013 after modifying by deflators. The result comes out to support our hypothesis of increasing relative risk aversion.

References

Aldo Montesano, 1991, Measures of risk aversion with expected and nonexpected utility, Journal of Risk and Uncertainty, Vol. 4, No. 3, pp. 271-283.

George G. Szpiro, 1986, Measuring risk aversion: an alternative approach, The Review of Economics and Statistics, Haim Levy and Azriel Levy, 1991, Arrow-Pratt measures of risk aversion: the multivariate case, International Economic Review, Vol. 32, No. 4 (Nov., 1991), pp. 891-898.

Yulong Zhou, 2014, Wealth shocks and relative risk aversion, [D], Xiamen University.

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Published

2020-01-03

How to Cite

Diao, L. (2020). Measuring Chinese Risk Aversion Based on Insurance Data. Archives of Business Research, 7(12), 253–256. https://doi.org/10.14738/abr.712.7602

Issue

Vol. 7 No. 12 (2019): Archives of Business Research

Section

Articles

License

Copyright (c) 2020 Li Diao

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.