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Collective risk-taking decisions with heterogeneous beliefs

Gollier, Christian - 2003

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

Persistent link: https://www.econbiz.de/10011507677

Aversion to risk of regret and preference for positively skewed risks

Gollier, Christian - 2016

Persistent link: https://www.econbiz.de/10012216637

Optimal expectations with complete markets

Gollier, Christian (contributor) - 2007

Persistent link: https://www.econbiz.de/10003532021

Optimal portfolio management for individual pension plans

Gollier, Christian (contributor) - 2005

We explore the various arguments for and against the recommendation that younger households should invest a larger share of their pension wealth in risky assets. The ability of young agents to compensate their financial losses by saving more during their career provides the strongest argument in...

Persistent link: https://www.econbiz.de/10002577086

Changes in risk and asset prices

Schlesinger, Harris; Gollier, Christian - 2001

We examine asset prices in a representative-agent model of general equilibrium. Assuming only that individuals are risk … averse, we determine conditions on the changes in asset risk that are both necessary and sufficient for the asset price to … incomplete in the sense of containing an uninsurable background risk, such as a risk on labor income. We extend our model to show …

Persistent link: https://www.econbiz.de/10011398103