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Consumption and precautionary saving : an empirical analysis under both financial and environmental risks
Baiardi, Donatella; Manera, Matteo; Menegatti, Mario - 2011
: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the … period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between … empirical analysis performed with one-argument utility functions. Finally, we provide new estimates of indexes of relative risk …
Persistent link: https://www.econbiz.de/10009235901
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Health shocks and the evolution of earnings over the life-cycle
Capatina, Elena; Keane, Michael P.; Maruyama, Shiko - 2020
Persistent link: https://www.econbiz.de/10012582565
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Accounting for the corporate cash increase
Zhao, Jake - 2014
Persistent link: https://www.econbiz.de/10011313864
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The geography of wealth: shocks, mobility, and precautionary savings
Dvorkin, Maximiliano A.; Greaney, Brian - 2024
Persistent link: https://www.econbiz.de/10015070205
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Uncertainty and natural resources : prudence facing doomsday
Emmerling, Johannes - 2015
in the spirit of the literature on precautionary savings. We find that boundedness of the utility function, in particular … risk aversion is sufficient. These results highlight the importance of the specification of the utility function and its …
Persistent link: https://www.econbiz.de/10010528821
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Revealed preferences over risk and uncertainty
Polisson, Matthew; Quah, John K.-H.; Renou, Ludovic - 2017
data with a broad class of models of choice under risk and under uncertainty. Our method allows for risk loving and elation …
Persistent link: https://www.econbiz.de/10011671892
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Age-dependent risk aversion : re-evaluating fiscal policy impacts of population ageing
Phitawat Poonpolkul - 2020
Persistent link: https://www.econbiz.de/10012585956
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Market allocations under ambiguity : a survey
Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019
We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia result of Dow and Werlang (1992), show how it does or...
Persistent link: https://www.econbiz.de/10012121980
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Market allocations under ambiguity : a survey
Billot, Antoine; Tallon, Jean-Marc; Mukerji, Sujoy - 2019
Persistent link: https://www.econbiz.de/10012233248
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Three layers of uncertainty : an experiment
Aydogan, Ilke; Berger, Loϊc; Bosetti, Valentina; Liu, Ning - 2018
We experimentally explore decision-making under uncertainty using a framework that decomposes uncertainty into three distinct layers: (1) physical uncertainty, entailing inherent randomness within a given probability model, (2) model uncertainty, entailing subjective uncertainty about the...
Persistent link: https://www.econbiz.de/10011862952