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Emergency purchasing situations: implications for consumer decision-making

Samson, Alain; Voyer, Benjamin G. - London School of Economics (LSE) - 2014

further account for purchase involvement in the form of product importance, purchase risk, and product substitutability …

Persistent link: https://www.econbiz.de/10011126285

Do bad risks know it? Experimental evidence on optimism and adverse selection

Coelho, Marta; de Meza, David - London School of Economics (LSE) - 2012

against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences … insurance demand and diminishes adverse selection …

Persistent link: https://www.econbiz.de/10011128051

The broadening spectrum of reputation risk in organizations: banking on risk and trust relationships

Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2004

Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …

Persistent link: https://www.econbiz.de/10010744830

Risk-adjusted poverty in Argentina: measurement and determinants

Cruces, Guillermo; Wodon, Quentin - London School of Economics (LSE) - 2003

Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …

Persistent link: https://www.econbiz.de/10010746011

Income fluctuation, poverty and well-being over time: theory and application to Argentina

Cruces, Guillermo - London School of Economics (LSE) - 2005

This paper studies poverty as a dynamic phenomenon, motivated by the recurring economic crises that affect developing countries and the incidence of income fluctuations on household welfare. While the increasing availability of household panel data has been exploited in theoretical analysis and...

Persistent link: https://www.econbiz.de/10010746722

Modernisation and son preference

Burgess, Robin; Zhuang, Juzhong - London School of Economics (LSE) - 2000

Gaps in welfare attainment between boys and girls in China have attracted international attention. In this paper demand analysis is used to try and uncover the factors which may be driving the emergence of the gender gaps. Drawing on household expenditure data from a poor (Sichuan) and rich...

Persistent link: https://www.econbiz.de/10010928624

How to measure living standards and productivity

Oulton, Nicholas - London School of Economics (LSE) - 2009

This paper sets out a general algorithm for calculating true cost-of-living indices or true producer price indices when demand is not homothetic, i.e. when not all expenditure elasticities are equal to one. In principle, economic theory tells us how we should calculate a true cost-of-living...

Persistent link: https://www.econbiz.de/10011071515

The internal consistency of the standard gamble: tests after adjusting for prospect theory

Oliver, Adam - London School of Economics (LSE) - 2003

This article reports a study that tests whether the internal consistency of the standard gamble can be improved upon by incorporating loss weighting and probability transformation parameters in the standard gamble valuation procedure. Five alternatives to the standard EU formulation are...

Persistent link: https://www.econbiz.de/10010928594

Martingale conditions for optimal saving: discrete time

Foldes, Lucien - London School of Economics (LSE) - 1978

Necessary and sufficient conditions are derived for optimal saving in a stochastic neo-classical one-good world with discrete time. The usual technique of dynamic programming is replaced by classical variational and concavity arguments, modified to take account of conditions of measurability...

Persistent link: https://www.econbiz.de/10010928732

Preference reversals and the analysis of income distributions

Amiel, Yoram; Cowell, Frank; Davidovitz, Leima; … - London School of Economics (LSE) - 2003

It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...

Persistent link: https://www.econbiz.de/10010928778