which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …

-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs …’ demand, while an increase in expected energy price will surely cause the risk averse firm to decrease the demand for energy … risk averse firm to decrease the demands for the non-risky inputs. Furthermore, we investigate the two cases with only …

increases with the degree of inattention because inattentive investors with recursive utility face greater long-run risk and …

particular, we found that optimism and anxiety were a liability in unfavorable markets, leading to unreasonable levels of risk …. Impulsivity was a liability in both favorable and unfavorable markets, leading to high risk on unfavorable markets, and low risk … in favorable markets. Openness to experience was an asset in unfavorable markets, leading to adjusted risk taking …

In this paper we �first develop a theory of almost stochastic dominance for risk-seeking investors to the first three … orders. Thereafter, we study the relationship between the preferences of almost stochastic dominance for risk-seekers with … that for risk averters. …

an investor receive in return for bearing that extra risk? I find that one such put option will cause the distribution to …

. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The …