J
John W. Pratt
Researcher at Harvard University
Publications - 73
Citations - 13793
John W. Pratt is an academic researcher from Harvard University. The author has contributed to research in topics: Fair division & Statistical inference. The author has an hindex of 29, co-authored 73 publications receiving 13531 citations. Previous affiliations of John W. Pratt include Massachusetts Institute of Technology.
Papers
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Journal ArticleDOI
Risk Aversion in the Small and in the Large
TL;DR: In this article, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
Book ChapterDOI
Risk aversion in the small and in the large
TL;DR: In this paper, a measure of risk aversion in the small, the risk premium or insurance premium for an arbitrary risk, and a natural concept of decreasing risk aversion are discussed and related to one another.
Book
Principals and Agents: The Structure of Business
TL;DR: In this paper, eight essays address the inherent problems of the agency relationship, such as monitoring performance and the careful design of incentives, by applying agency theory to actual practices in areas as diverse as tax-sheltered programs and transfer pricing.
Book
Introduction to Statistical Decision Theory
TL;DR: In this article, the authors develop the intertwining concepts of subjective probability and utility and systematically and comprehensively examine the Bernoulli, Poisson, and Normal (univariate and multivariate) data generating processes.
Journal ArticleDOI
Risk vulnerability and the tempering effect of background risk
Christian Gollier,John W. Pratt +1 more
TL;DR: In this paper, a new natural restriction on utility functions, called risk vulnerability, was introduced, which is equivalent to the condition that an undesirable risk can never be made desirable by the presence of an independent, unfair risk.