Consider a simple two-state risk with equal probabilities for the two states. In particular, assume that the random … way, we can extend and generalize existing results about risk attitudes. This lottery preference includes behavior … exhibiting higher order risk effects, such as precautionary effects and tempering effects. …

uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example. …

This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging … decisions. Using a model of a risk-averse competitive firm under price uncertainty, it derives several fundamental results. If … expected profits from forward contracts are zero, the hedge ratio is surprisingly not affected by default risk under general …

this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … costs of ambitious climate policies. They also indicate that there is an effective hedging strategy that could minimise the …

The paper examines the role of higher education institutions (HEIs) in the agribusiness innovation ecosystem in Central …, however, is limited by inadequate funding, lack of entrepreneurial engagement, among others. The agribusiness innovation … supportive intellectual property frameworks. The paper recommends strengthening HEI involvement in the agribusiness innovation to …