Browsing ECO Articles by Author "PAIELLA, Monica"

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Browsing ECO Articles by Author "PAIELLA, Monica"

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    Title: Risk Aversion, Wealth, and Background Risk  Author(s): GUISO, Luigi; PAIELLA, Monica Date: 2008 Type of Publication: Article Abstract: We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay for a risky security. We relate this measure to consumer's endowments and attributes ...