Certainty Equivalent
Certainty Equivalent Computation using Power Utility Function
Customized Legend for CE and RP plots.
Certainty Equivalent Function for Negative Exponential Function
Certainty Equivalent Computation using Power Utility Function
Certainty Equivalent Function with Power Utility Function
Certainty equivalent computation
Plot for CE using Exponential Negative Utility Function
Plot for CE using Power Utility Function
Plot of the Risk Premium values using Exponential Negative Utility Fun...
Plot of the Risk Premium values using Exponential Negative Utility Fun...
Risk Premium computation
RAC Generator
Define the length of the Risk Aversion Coefficient, RAC.
RAC Sequence generator
Adjusted Risk Aversion Coefficient (RACa)
Compute the certainty equivalents and premium risks as tools for risk-efficiency analysis. For more technical information, please refer to: Hardaker, Richardson, Lien, & Schumann (2004) <doi:10.1111/j.1467-8489.2004.00239.x>, and Richardson, & Outlaw (2008) <doi:10.2495/RISK080231>.