Citation

Foster DP, Hart S. J. Polit. Econ. 2009; 117(5): 785-814.

Copyright

(Copyright © 2009, University of Chicago Press)

DOI

10.1086/644840

PMID

unavailable

Abstract

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.