{"id":"https://openalex.org/W36820729","doi":"https://doi.org/10.1007/978-94-017-2298-8_5","title":"A Precautionary Tale of Risk Aversion and Prudence","display_name":"A Precautionary Tale of Risk Aversion and Prudence","publication_year":1994,"publication_date":"1994-01-01","ids":{"openalex":"https://openalex.org/W36820729","doi":"https://doi.org/10.1007/978-94-017-2298-8_5","mag":"36820729"},"language":"en","primary_location":{"id":"doi:10.1007/978-94-017-2298-8_5","doi":"https://doi.org/10.1007/978-94-017-2298-8_5","is_oa":false,"landing_page_url":"https://doi.org/10.1007/978-94-017-2298-8_5","pdf_url":null,"source":{"id":"https://openalex.org/S4306463937","display_name":"Springer eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Models and Experiments in Risk and Rationality","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W647746589","display_name":"Models and Experiments in Risk and Rationality"},"type":"book-chapter","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/A5042872493","display_name":"Louis Eeckhoudt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130929987","display_name":"University of Mons","ror":"https://ror.org/02qnnz951","country_code":"BE","type":"education","lineage":["https://openalex.org/I130929987"]}],"countries":["BE"],"is_corresponding":false,"raw_author_name":"Louis Eeckhoudt","raw_affiliation_strings":["Catholic Faculties of Mons, Belgium","Lille, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Catholic Faculties of Mons, Belgium","institution_ids":["https://openalex.org/I130929987"]},{"raw_affiliation_string":"Lille, France","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5079001077","display_name":"Harris Schlesinger","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I17301866","display_name":"University of Alabama","ror":"https://ror.org/03xrrjk67","country_code":"US","type":"education","lineage":["https://openalex.org/I17301866"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Harris Schlesinger","raw_affiliation_strings":["University of Alabama, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Alabama, USA","institution_ids":["https://openalex.org/I17301866"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.9474,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.89928058,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"75","last_page":"90"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9951000213623047,"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":0.9951000213623047,"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/T11573","display_name":"Risk Perception and Management","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.0006000000284984708,"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":0.9639999866485596},{"id":"https://openalex.org/keywords/prudence","display_name":"prudence","score":0.7910000085830688},{"id":"https://openalex.org/keywords/expected-utility","display_name":"expected utility","score":0.7639999985694885},{"id":"https://openalex.org/keywords/risk-preferences","display_name":"risk preferences","score":0.5019999742507935},{"id":"https://openalex.org/keywords/non-expected-utility","display_name":"non-expected utility","score":0.7739999890327454},{"id":"https://openalex.org/keywords/decision-making-under-uncertainty","display_name":"decision making under uncertainty","score":0.718999981880188}],"concepts":[{"id":"https://openalex.org/C2778357065","wikidata":"https://www.wikidata.org/wiki/Q1165788","display_name":"Prudence","level":2,"score":0.903329610824585},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.8020757436752319},{"id":"https://openalex.org/C124999997","wikidata":"https://www.wikidata.org/wiki/Q4358367","display_name":"Von Neumann\u2013Morgenstern utility theorem","level":3,"score":0.6547104120254517},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6167460083961487},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.5995945930480957},{"id":"https://openalex.org/C2780339515","wikidata":"https://www.wikidata.org/wiki/Q3074698","display_name":"Arrow","level":2,"score":0.5598541498184204},{"id":"https://openalex.org/C2781249084","wikidata":"https://www.wikidata.org/wiki/Q908656","display_name":"Preference","level":2,"score":0.5135948657989502},{"id":"https://openalex.org/C127447990","wikidata":"https://www.wikidata.org/wiki/Q4741446","display_name":"Ambiguity aversion","level":3,"score":0.5057153701782227},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.4605587422847748},{"id":"https://openalex.org/C136028653","wikidata":"https://www.wikidata.org/wiki/Q1425777","display_name":"Subjective expected utility","level":3,"score":0.4536343514919281},{"id":"https://openalex.org/C2779110102","wikidata":"https://www.wikidata.org/wiki/Q1323737","display_name":"Revealed preference","level":2,"score":0.44191503524780273},{"id":"https://openalex.org/C2777601356","wikidata":"https://www.wikidata.org/wiki/Q3690040","display_name":"Romer","level":2,"score":0.4389176666736603},{"id":"https://openalex.org/C80469333","wikidata":"https://www.wikidata.org/wiki/Q189088","display_name":"Von Neumann architecture","level":2,"score":0.4245317578315735},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2833373546600342},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.19870814681053162},{"id":"https://openalex.org/C2780522230","wikidata":"https://www.wikidata.org/wiki/Q1140419","display_name":"Ambiguity","level":2,"score":0.14297151565551758},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C58640448","wikidata":"https://www.wikidata.org/wiki/Q42515","display_name":"Cartography","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1007/978-94-017-2298-8_5","doi":"https://doi.org/10.1007/978-94-017-2298-8_5","is_oa":false,"landing_page_url":"https://doi.org/10.1007/978-94-017-2298-8_5","pdf_url":null,"source":{"id":"https://openalex.org/S4306463937","display_name":"Springer eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Models and Experiments in Risk and Rationality","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W73039333","https://openalex.org/W1574786337","https://openalex.org/W1583280453","https://openalex.org/W1967658623","https://openalex.org/W1988341121","https://openalex.org/W1999144987","https://openalex.org/W2002780401","https://openalex.org/W2005887980","https://openalex.org/W2030796693","https://openalex.org/W2038007358","https://openalex.org/W2052100795","https://openalex.org/W2060113329","https://openalex.org/W2067697924","https://openalex.org/W2095303557","https://openalex.org/W2117779765","https://openalex.org/W2129585938","https://openalex.org/W2144846366","https://openalex.org/W2326372562","https://openalex.org/W2516137114","https://openalex.org/W2580645530","https://openalex.org/W2890237509","https://openalex.org/W4252707658"],"related_works":["https://openalex.org/W121989287","https://openalex.org/W2207735903","https://openalex.org/W2006762212","https://openalex.org/W2094226015","https://openalex.org/W2120166589","https://openalex.org/W2087248165","https://openalex.org/W139432128","https://openalex.org/W2077932560","https://openalex.org/W86371733","https://openalex.org/W1997464146"],"abstract_inverted_index":null,"counts_by_year":[{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}