A global index of riskiness

Adi Schnytzer, Sara Westreich

Research output: Contribution to journalArticlepeer-review

4 Scopus citations


We extend the pioneering work of Aumann-Serrano by presenting an index of riskiness for gambles with either positive or negative expectations. It can be of use for a variety of abstract behaviors, when adapting the framework of either Expected-Utility Theory or Prospect Theory.

Original languageEnglish
Pages (from-to)493-496
Number of pages4
JournalEconomics Letters
Issue number3
StatePublished - Mar 2013


  • Duality axiom
  • Expected Utility Theory
  • Index of riskiness
  • Prospect theory
  • Utility functions
  • Value functions


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