Robert, Christian P.; Napp, Clotilde; Marin, Jean-Michel; … - Université Paris-Dauphine (Paris IX) - 2008
Our aim is to analyze the link between optimism and risk aversion in a subjective expected utility setting and to estimate the average level of optimism when weighted by risk tolerance. Its estimation leads to a non-trivial statistical problem. We start from a large lottery survey (1536...