Showing 1 - 10 of 182
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …
Persistent link: https://www.econbiz.de/10011110638
The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...
Persistent link: https://www.econbiz.de/10009691014
We devise an estimation methodology which allows preferences estimation and comparative statics analysis without a reliance on Taylor’s approximations and the indirect utility function.
Persistent link: https://www.econbiz.de/10008633357
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10005835229
-play decision making under ambiguity. The current experiment involves an ambiguity treatment in which (1) the participants perform …
Persistent link: https://www.econbiz.de/10008459812
Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …
Persistent link: https://www.econbiz.de/10005027114
. This holds under ambiguity, but not in a comparison treatment under risk. …
Persistent link: https://www.econbiz.de/10011258993
attention has been devoted to understand how risk and uncertainty influence drivers’ behaviours in parking decision. This paper … risk and uncertainty. …
Persistent link: https://www.econbiz.de/10011266116
listed shares. Our analysis concerns the risk which arises from the Markowitz mean-variance approach. Our work method will be … implemented as following: first of all, we will test the normality and the stationarity of 31 shares which have composed our … methods of measurement of return, risk and the other statistical properties constitute, in fact, the pillars of companies …
Persistent link: https://www.econbiz.de/10008490562