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Are Risk-Averse Agents more Optimistic? A Bayesian Estimation Approach.

Robert, Christian P.; Napp, Clotilde; Marin, Jean-Michel; … - Université Paris-Dauphine - 2008

estimate the average level of optimism when weighted by risk tolerance. Its estimation leads to a non-trivial statistical …

Persistent link: https://www.econbiz.de/10008520050

Psychological trade.

Blanchard, Michel; Peltrault, Frédéric - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10008532393

Term structure of psychological interest rates: A behavioural test.

De La Bruslerie, Hubert - Université Paris-Dauphine

Many empirical and behavioral studies underline the idea of a non-flat term structure of subjective interest rates with a decreasing slope. Using an empirical test, this paper aims at identifying in individual behaviors whether agents see their psychological value of time decreasing or not. We...

Persistent link: https://www.econbiz.de/10008532472

Financial development, international trade and welfare.

Peltrault, Frédéric; Blanchard, Michel - Université Paris-Dauphine

Differences between domestic financial systems can lead to international trade. A country with relatively developed or decentralized financial systems will export innovative commodities while a country with less developed and centralized financial systems will export traditional commodities....

Persistent link: https://www.econbiz.de/10008532616

Epargne de précaution et statique comparative avec aversion pour le risque.

Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10008462730

Do insurance defrauders want to be punished ?.

Alary, David; Besfamille, Martin - Université Paris-Dauphine

We analyze a Principal-Agent model of an insurer who faces an adverse selection problem. He is unable to observe if his client has a high risk or a low risk of having an accident. At the underwriting of the contract, the insurer requests the client to declare his risk. After that, the former can...

Persistent link: https://www.econbiz.de/10009385953

La faible souscription de l’assurance habitation des ménages dans les départements d’outre mer.

Letrémy, Céline; Calvet, Lucie - Université Paris-Dauphine

insured against natural disasters. In France, any housing insurance contract includes the coverage against natural disasters … DOM sont moins nombreux à être assurés contre les catastrophes naturelles. En France, l’assurance habitation inclut …The French departments overseas are more exposed to natural risks than continental France. Nevertheless, they are less …

Persistent link: https://www.econbiz.de/10008725965

25 ans d'économie de l'assurance.

Lane, Georges - Université Paris-Dauphine - 1995

The text is a description of the evolution of the insurance theory during the period 1968-93. …

Persistent link: https://www.econbiz.de/10008551617

Optimal risk sharing with background risk.

Scarsini, Marco; Dana, Rose-Anne - Université Paris-Dauphine - 2005

This paper examines qualitative properties of efficient insurance contracts in the presence of background risk. In …

Persistent link: https://www.econbiz.de/10008572206

Should more ambiguity averse agents exert more effort ?.

Gollier, Christian; Alary, David - Université Paris-Dauphine

Persistent link: https://www.econbiz.de/10009145291