{"id":"https://openalex.org/W2322551427","doi":"https://doi.org/10.2307/253040","title":"Increased Risk Aversion and Risky Investment","display_name":"Increased Risk Aversion and Risky Investment","publication_year":1993,"publication_date":"1993-09-01","ids":{"openalex":"https://openalex.org/W2322551427","doi":"https://doi.org/10.2307/253040","mag":"2322551427"},"language":"en","primary_location":{"id":"doi:10.2307/253040","doi":"https://doi.org/10.2307/253040","is_oa":false,"landing_page_url":"https://doi.org/10.2307/253040","pdf_url":null,"source":{"id":"https://openalex.org/S116483603","display_name":"Journal of Risk & Insurance","issn_l":"0022-4367","issn":["0022-4367","1539-6975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Risk and Insurance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5053174182","display_name":"Jiarong Fu","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Jiarong Fu","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5053174182"],"corresponding_institution_ids":[],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":0.2767,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.58161648,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"60","issue":"3","first_page":"494","last_page":"494"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9003999829292297,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9003999829292297,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.052000001072883606,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.010099999606609344,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.9959999918937683},{"id":"https://openalex.org/keywords/risky-investment","display_name":"risky investment","score":0.7210000157356262},{"id":"https://openalex.org/keywords/state-of-nature","display_name":"state of nature","score":0.8180000185966492},{"id":"https://openalex.org/keywords/investment-size","display_name":"investment size","score":0.38100001215934753},{"id":"https://openalex.org/keywords/necessary-and-sufficient-conditions","display_name":"necessary and sufficient conditions","score":0.7559999823570251}],"concepts":[{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.6028331518173218},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5164957046508789},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4881656765937805},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4472289979457855},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.44199100136756897},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.37483271956443787},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.33166828751564026},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.15332040190696716},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.08602362871170044},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.07768839597702026},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/253040","doi":"https://doi.org/10.2307/253040","is_oa":false,"landing_page_url":"https://doi.org/10.2307/253040","pdf_url":null,"source":{"id":"https://openalex.org/S116483603","display_name":"Journal of Risk & Insurance","issn_l":"0022-4367","issn":["0022-4367","1539-6975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Risk and Insurance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":3,"referenced_works":["https://openalex.org/W1963625840","https://openalex.org/W2025611071","https://openalex.org/W2580645530"],"related_works":["https://openalex.org/W1529072912","https://openalex.org/W2767558373","https://openalex.org/W2065446144","https://openalex.org/W2006316728","https://openalex.org/W2068503228","https://openalex.org/W2111209424","https://openalex.org/W2069885113","https://openalex.org/W1532768477","https://openalex.org/W7220887669","https://openalex.org/W2279062011"],"abstract_inverted_index":{"This":[0],"article":[1],"investigates":[2],"the":[3,6,15,29,46,55,66],"relationship":[4],"between":[5],"size":[7],"of":[8,17,31,37,68],"investment":[9,44,59],"in":[10,45,51,65],"a":[11],"risky":[12,47],"asset":[13],"and":[14,22],"degree":[16],"risk":[18,38,71],"aversion.":[19],"The":[20],"necessary":[21],"sufficient":[23],"conditions":[24],"are":[25],"established":[26],"that":[27,53],"permit":[28],"prediction":[30],"whether":[32],"agents":[33],"with":[34,62],"differing":[35],"degrees":[36],"aversion":[39,72],"will":[40,73],"increase":[41],"or":[42],"decrease":[43],"asset.":[48],"It":[49],"shows,":[50],"particular,":[52],"when":[54],"marginal":[56],"return":[57],"to":[58],"decreases":[60],"(increases)":[61],"an":[63],"improvement":[64],"state":[67],"nature,":[69],"greater":[70],"induce":[74],"higher":[75],"(lower)":[76],"investment.":[77]},"counts_by_year":[{"year":2021,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":2}],"updated_date":"2026-08-21T09:56:20.448147","created_date":"2016-06-24T00:00:00"}