Showing 1 - 10 of 16
Women are stereotyped as more risk averse than men. Empirical and experimental investigations seem to support the …
Persistent link: https://www.econbiz.de/10001726237
virtual funds, and pure risk lotteries. These represent three different levels of uncertainty: two-sided ambiguity, one …-sided ambiguity and pure risk. Our results show a significant relationship between individual overconfidence and competence measures …
Persistent link: https://www.econbiz.de/10001727835
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aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in … the form of a countercyclical variance of idiosyncratic income risk. The other indirectly emerges over a household's life …-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. We show that this leads to risk …
Persistent link: https://www.econbiz.de/10010359333
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Decisions involving risk are usually taken in the presence of other insurable or non-insurable risks, the latter type … called background risk. We examine how changing background risk influences risk-taking based on panel data with monthly … observations from Senegalese fishermen. Fishing income is volatile and income risk depends on weather conditions and on …
Persistent link: https://www.econbiz.de/10011920856
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …
Persistent link: https://www.econbiz.de/10010221085
On the one hand, empirical evidence shows that in financial markets women seem to behave more risk averse than men. On … matters. In investment and insurance contexts with given probabilities women seem to expose approximately the same risk … information may be important. We conducted a lottery experiment introducing three types of probability information: pure risk …
Persistent link: https://www.econbiz.de/10011795000
Standard environmental economics prescribes policies which are optimal and implemented immediately. The paper argues that, in reality, environmental policy often deviates from the optimum and implementation is not deterministic but subject to major uncertainty and frequent change. We present a...
Persistent link: https://www.econbiz.de/10011818392