Estimated values of relative risk aversion (RRA) coefficient
| Study | CRRA range |
|---|---|
| Arrow (1971) | 1 |
| Friend (1977) | 2 |
| Hansen and Singleton (1982, 1984) | 0–1 |
| Mehra and Prescott (1985) | 0–10 |
| Normandin and St-Amour (1998) | <3 |
| Coutant (1999) | 0–11.404 |
| Ait-Sahalia and Lo (2000) | 12.7 |
| Guo and Whitelaw (2006) | 3.52 |
| Bliss and Panigirtzoglou (2004) | 0.37–15.97 |
| Brenner (2015) | −0.10–6.17 |
| Obrimah (2019) | 1.91–3.59 |
| Alexander et al. (2021) | 1.8–2.1 |
| Laibson et al. (2024) | 1.9 |
| Study | CRRA range |
|---|---|
| 1 | |
| 2 | |
| 0–1 | |
| 0–10 | |
| <3 | |
| 0–11.404 | |
| 12.7 | |
| 3.52 | |
| 0.37–15.97 | |
| −0.10–6.17 | |
| 1.91–3.59 | |
| 1.8–2.1 | |
| 1.9 |
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