Figure 1.
Risk aversion (top), prudence (bottom left), and temperance (bottom right), based on Eeckhoudt and Schlesinger (2006), for all k,r>0 and all zero-mean random variables ɛ˜, ɛ˜1, and ɛ˜2.
Definitions of Risk Aversion, Prudence, and Temperance

Risk aversion (top), prudence (bottom left), and temperance (bottom right), based on Eeckhoudt and Schlesinger (2006), for all k,r>0 and all zero-mean random variables ɛ˜⁠, ɛ˜1⁠, and ɛ˜2⁠.

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