Showing 1 - 10 of 36
This paper evaluates an editorial and seven invaluable and interesting review papers for the Journal of Risk and … global guidelines to their United States (US) implementation, connections among big data, computational science, economics …, finance, marketing, management and psychology, factors, outcome, and the solutions of supply chain finance, with a review and …
Persistent link: https://www.econbiz.de/10012611387
In this paper we experimentally test skewness preferences at the individual level. Several prospects that can be ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment. We find that the skewness of a distribution has a...
Persistent link: https://www.econbiz.de/10010294775
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. …
Persistent link: https://www.econbiz.de/10010264492
In this paper we experimentally test skewness seeking at the individual level. Several prospects that can be ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment. We ¯nd that the skewness of a distribution has a...
Persistent link: https://www.econbiz.de/10010275666
uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …
Persistent link: https://www.econbiz.de/10010296824
. 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. …
Persistent link: https://www.econbiz.de/10010301357
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 …
Persistent link: https://www.econbiz.de/10010302529
Persistent link: https://www.econbiz.de/10010324067
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 …
Persistent link: https://www.econbiz.de/10010264441
. All firms operate in agribusiness or related activities in a semi-urban area. An assessment of the short-term impacts …
Persistent link: https://www.econbiz.de/10012882468