Showing 1 - 10 of 6,583
Persistent link: https://www.econbiz.de/10013263004
Persistent link: https://www.econbiz.de/10003909952
Persistent link: https://www.econbiz.de/10008806639
Persistent link: https://www.econbiz.de/10012693684
Persistent link: https://www.econbiz.de/10012627765
We generalize the long-run risks (LRR) model in Bansal and Yaron (2004) by incorporating the recursive smooth ambiguity aversion preferences of Klibanoff, Marinacci, and Mukerji (2005, 2009) and time-varying ambiguity. Relative to the Bansal-Yaron model, the generalized LRR model remains...
Persistent link: https://www.econbiz.de/10012896734
sources. Risk is a pervasive feature of law and public policy. Decision-making in these domains often takes place in the … employs the basic tools of decision theory (probability and utility) to measure the likelihood as well as the costs and … of risk that has been systematically ignored. We call it “super-risk.” Super-risk occurs when, at the time of decision …
Persistent link: https://www.econbiz.de/10013020283
Persistent link: https://www.econbiz.de/10012495322
Persistent link: https://www.econbiz.de/10000912697
Persistent link: https://www.econbiz.de/10000856698