RACa: Adjusted Risk Aversion Coefficient (RACa)

Description Usage Arguments Value

Description

Adjusted Risk Aversion Coefficient (RACa)

Usage

1
RACa(rac, data)

Arguments

rac

An scalar with the value of the relative RAC

data

Dataset to weight the RAC

Value

This function create an adjustment to the relative risk aversion coefficient, following Hardaker et al (2004).


ceRtainty documentation built on June 14, 2019, 5:04 p.m.