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a woman is to a man. Correlating social status with relative wealth, we show how intensified distaste at experiencing … low relative wealth reduces relative risk aversion. …
Persistent link: https://www.econbiz.de/10011379120
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience and we reason...
Persistent link: https://www.econbiz.de/10009724435
equilibrium fraction of cooperators relates negatively to the population's level of wealth. -- equilibrium fraction of cooperators … ; population's level of wealth ; single-shot prisoner's dilemma game …
Persistent link: https://www.econbiz.de/10009725484
a woman is to a man. Correlating social status with relative wealth, we show how intensified distaste at experiencing … low relative wealth reduces relative risk aversion. …
Persistent link: https://www.econbiz.de/10011383356
Persistent link: https://www.econbiz.de/10001728308
Persistent link: https://www.econbiz.de/10001712765
Persistent link: https://www.econbiz.de/10001583851
his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual …'s absolute wealth, we obtain two results. First, if the individual's level of concern about low relative wealth does not change …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of …
Persistent link: https://www.econbiz.de/10012022782
his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual …'s absolute wealth, we obtain two results. First, if the individual's level of concern about low relative wealth does not change …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of …
Persistent link: https://www.econbiz.de/10011847777
his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual …'s absolute wealth, we obtain two results. First, if the individual's level of concern about low relative wealth does not change …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of …
Persistent link: https://www.econbiz.de/10011857949