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Risk Preferences Over Health : Empirical Estimates and Implications for Healthcare Decision-Making
Mulligan, Karen; Baid, Drishti; Doctor, Jason N.; … - National Bureau of Economic Research - 2023
Recent research has documented a link between consumer risk preferences over health and the willingness to pay (WTP …) for medical technologies. However, the absence of empirical health risk preference estimates so far limits the … implementation of this generalized risk-adjusted cost-effectiveness (GRACE) theory, which addresses several limitations of …
Persistent link: https://www.econbiz.de/10014337758
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Measuring the Output and Prices of the Lottery Sector : An Application of Implicit Expected Utility Theory
Yu, Kam - 2008
Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed …
Persistent link: https://www.econbiz.de/10012464626
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"Might Not Be a Tomorrow" : A Multi-Methods Approach to Anticipated Early Death and Youth Crime
Brezina, Timothy - 2008
A number of researchers point to the anticipation of early death, or a sense of "futurelessness," as a contributing factor to youth crime and violence. Young people who perceive a high probability of early death, it is argued, may have little reason to delay gratification for the promise of...
Persistent link: https://www.econbiz.de/10012464367
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Predicting Insurance Demand from Risk Attitudes
Jaspersen, Johannes G. - 2019
parameterize seventeen common structural models (e.g., expected utility, cumulative prospect theory). Subjects also make twelve …
Persistent link: https://www.econbiz.de/10012480452
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Betting Against Beta
Frazzini, Andrea - 2010
We present a model in which some investors are prohibited from using leverage and other investors' leverage is limited by margin requirements. The former investors bid up high-beta assets while the latter agents trade to profit from this, but must de-lever when they hit their margin constraints....
Persistent link: https://www.econbiz.de/10012462057
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The Economics of Cultural Transmission and Socialization
Bisin, Alberto - 2010
Cultural transmission arguably plays an important role in the determination of many fundamental preference traits (e.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards family and fertility practices, and attitudes...
Persistent link: https://www.econbiz.de/10012462145
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What Does the Corporate Income Tax Tax? A Simple Model without Capital
Kotlikoff, Laurence J. - 2010
The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the tax as raising the cost of capital used to produce corporate goods. But corporate goods can be and generally are made by non-corporate firms, suggesting that the corporate tax...
Persistent link: https://www.econbiz.de/10012462458
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Ambiguity and Asset Markets
Epstein, Larry G. - 2010
inconsistent with subjective expected utility theory (SEU), the standard model of choice under uncertainty in financial economics …
Persistent link: https://www.econbiz.de/10012462476
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Locked Up by a Lockup : Valuing Liquidity as a Real Option
Ang, Andrew - 2010
Hedge funds often impose lockups and notice periods to limit the ability of investors to withdraw capital. We model the investor's decision to withdraw capital as a real option and treat lockups and notice periods as exercise restrictions. Our methodology incorporates time-varying probabilities...
Persistent link: https://www.econbiz.de/10012462715
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Testing for Adverse Selection in Insurance Markets
Cohen, Alma - 2009
empirical work that seeks to test the basic coverage-risk prediction of adverse selection theory--that is, that policyholders …
Persistent link: https://www.econbiz.de/10012463063