In this paper we compare the two basic risk preference measures suggested independently by John W. Pratt (1964) and Kenneth J. Arrow (1965) as to their impact on simple production decisions with uncertain economic outcomes. We develop a further related concept by introducing a risk aversion leverage measuring the dependence of absolute risk aversion on wealth.

We also discover a remarkable approximate relation between risk aversion measures of different leverages making the corresponding risk preference functions similar and leading to a method for estimating different Certainty Monetary Equivalents using zero-leverage expressions.

We concentrate on three simple cases of production decisions of the Newsboy type.

在本文中，我们比较了John W. Pratt（1964）和Kenneth J. Arrow（1965）独立提出的两种基本风险偏好措施，它们对具有不确定经济结果的简单生产决策的影响。通过引入风险规避杠杆来测量绝对风险规避对财富的依赖性，我们进一步发展了相关概念。

我们还发现不同杠杆的风险规避措施之间存在显着的近似关系，从而使相应的风险偏好函数相似，从而导致了一种使用零杠杆表达式估算不同确定性货币当量的方法。

我们专注于Newsboy类型的三个简单生产决策案例。