Narrow search
Showing 1 - 10 of 73
Cover Image
Are More Risk-Averse Agents More Optimistic? Insights from a Simple Rational Expectations Equilibrium Model
Jouini, Elyès; Napp, Clotilde - HAL - 2008
We analyze the link between pessimism and risk-aversion. We consider a model of partially revealing, competitive rational expectations equilibrium with diverse information, in which the distribution of risk-aversion across individuals is unknown. We show that when a high individual level of...
Persistent link: https://www.econbiz.de/10008788916
Cover Image
Male and Female Competitive Behavior: Experimental
Gupta, Nabanita Datta; Poulsen, Anders; Villeval, … - HAL - 2005
Male and female choices differ in many economic situations, e.g., on the labor market. This paper considers whether such differences are driven by different attitudes towards competition. In our experiment subjects choose between a tournament and a piece-rate pay scheme before performing a real...
Persistent link: https://www.econbiz.de/10008792259
Cover Image
Qualitative Analysis of Fundamental Theoretical Tools Employed in Modelling Decision Making Problems
Protopopescu, Dan - HAL - 2006
The objective of this paper is to analyze fundamental theoretical tools employed in modelling decision making problems which involve multivariate risks. By exploiting the richness of the literature, we highlight the qualities as well as the “weaknesses” specific to a wide class of decision...
Persistent link: https://www.econbiz.de/10008793474
Cover Image
US Corporate Bond Yield Spread: A default risk debate
Shah, Syed Muhammad Noaman Ahmed; Kebewar, Mazen - HAL - 2013
According to theoretical models of valuing risky corporate securities, risk of default is primary component in overall yield spread. However, sizable empirical literature considers it otherwise by giving more importance to non-default risk factors. Current study empirically attempts to provide...
Persistent link: https://www.econbiz.de/10010899951
Cover Image
Subjective risk and disappointment
Chauveau, Thierry - HAL - 2012
If an investor does care for utilities -and not for monetary outcomes- stochastic dominances should be expressed in terms of utility units ("utils"). If so, any "rational" investor may be characterized by an elementary utility function -called canonical utility function- which is such that the...
Persistent link: https://www.econbiz.de/10011025681
Cover Image
Stochastic dominance, risk and disappointment: a synthesis
Chauveau, Thierry - HAL - 2014
Although it is endowed with many interesting properties, the theory of decision-making under risk by Loomes and Sugden [1986] has never been given an axiomatics. In this paper, we make up for this omission because their lottery-dependent functional is endowed with many interesting properties to...
Persistent link: https://www.econbiz.de/10011025889
Cover Image
Addiction to car use and dynamic elasticity measures in France
Collet, Roger; Lapparent, Mathieu De; Hivert, Laurent - HAL - 2010
This article presents a microeconometric analysis of the annual mileage travelled by French households with their personal cars, defining their automobility. To feature car use dependence, the rational addiction model of Becker et al. (1994) is applied on a panel dataset, drawn from the French...
Persistent link: https://www.econbiz.de/10009278319
Cover Image
La llegada del PT al gobierno brasileño: ¿un cambio de rumbo respecto a las posibilidades de desarrollo del país?
García, Bibiana Medialdea - HAL - 2013
Este trabajo parte de la idea de que la reproducción del subdesarrollo brasileño se explica por la persistencia de un conjunto de elementos que operan como obstáculos de carácter estructural, a los que nos referimos con el nombre de límites estructurales al desarrollo económico....
Persistent link: https://www.econbiz.de/10010820787
Cover Image
Understanding the Dimensions of Young Consumer Vulnerability in the Web 2.0 Society
Batat, Wided - HAL - 2010
consumers because almost adolescents revealed competency in some aspects of consumption such as: using Internet and blogs to … improve their consumption skills, comparison shopping, innovation by consumption and usage. However, teenagers could be … consumption and purchasing. In addition, today's young consumers are facing a new risk related to technologies usages. In order to …
Persistent link: https://www.econbiz.de/10008792462
Cover Image
Industrial Revolutions and Consumption: A Common Model to the Various Periods of Industrialization
Flacher, David - HAL - 2005
What was the role of consumption structure evolution in the industrialization phases of the Western world since the 18 … consumption structure evolution and establish a plausible link between consumption structure evolutions and industrial revolutions … consumption habits evolution in the schumpeterian growth process. Finally, we show that consumption habits evolutions can be …
Persistent link: https://www.econbiz.de/10008793635