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Should I help my neighbor? Self-interest, altruism and economic analyses of rescue laws
Harnay, Sophie; Marciano, Alain - In: European Journal of Law and Economics 28 (2009) 2, pp. 103-131
Persistent link: https://www.econbiz.de/10005015343
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Risk and Choice: A Research Saga
Gollier, Christian; Hammitt, James; Treich, Nicolas - Institut d'Économie Industrielle (IDEI), Toulouse … - 2013
As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions to the literature, and provides some illustrations of the remarkable research saga in risk theory over the last 50 …
Persistent link: https://www.econbiz.de/10010968958
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Buying and selling price for risky lotteries and expected utility theory with gambling wealth
Lewandowski, Michal - In: Journal of Risk and Uncertainty 48 (2014) 3, pp. 253-283
I analyze two expected utility models which abandon the consequentialist assumption of terminal wealth positions. In the expected utility of gambling wealth model, in which initial wealth is allowed to be small, I show that a large WTA/WTP gap is possible and the (Rabin in Econometrica, 68(5),...
Persistent link: https://www.econbiz.de/10010987818
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Risk and choice: A research saga
Gollier, Christian; Hammitt, James; Treich, Nicolas - In: Journal of Risk and Uncertainty 47 (2013) 2, pp. 129-145
The economic theory of decision making under risk has seen remarkable advances over the 50 years since Pratt’s (1964 …
Persistent link: https://www.econbiz.de/10010987821
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Estimating individual and group preference functionals using experimental data
Morone, A.; Morone, P. - In: Theory and Decision 77 (2014) 3, pp. 403-422
experimental data. We investigate if there is a risky choice theory that fits group decisions better than alternative theories, and …
Persistent link: https://www.econbiz.de/10010988769
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“If only I had taken the other road...”: Regret, risk and reinforced learning in informed route-choice
Ben-Elia, Eran; Ishaq, Robert; Shiftan, Yoram - In: Transportation 40 (2013) 2, pp. 269-293
experiential feedback on choice outcomes are provided. The relevance of Regret Theory in travel behavior has been well demonstrated …
Persistent link: https://www.econbiz.de/10010989543
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Cobb-Douglas preferences under uncertainty
Faro, José - In: Economic Theory 54 (2013) 2, pp. 273-285
This paper axiomatizes Cobb-Douglas preferences under uncertainty. First, we extend the original Trockel (Econ Lett 30:7–10, <CitationRef CitationID="CR46">1989</CitationRef>)’s axiomatic foundation to a general state space framework based on the Strong Homotheticity Axiom, obtaining also the incomplete case a la Bewley (Decis Econ...</citationref>
Persistent link: https://www.econbiz.de/10010993537
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Inequality-adjusted gender wage differentials in Germany
Selezneva, Ekaterina; Van Kerm, Philippe - Institut für Ost- und Südosteuropaforschung (IOS) - 2013
This paper exploits data from the German Socio-Economic Panel (SOEP) to re-examine the gender wage gap in Germany on the basis of inequality-adjusted measures of wage differentials which fully account for gender differences in pay distributions. The inequality-adjusted gender pay gap measures...
Persistent link: https://www.econbiz.de/10010851502
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Existence and computation of the Aumann–Serrano index of riskiness and its extension
Schulze, Klaas - In: Journal of Mathematical Economics 50 (2014) C, pp. 219-224
Aumann and Serrano (2008) introduce the index of riskiness to quantify the risk of a gamble. We discuss for which gambles this index of riskiness exists by considering the acceptance behavior of CARA-agents. Since for several relevant distributions riskiness is not defined, we suggest an...
Persistent link: https://www.econbiz.de/10010875268
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Another look at risk apportionment
Denuit, Michel; Rey, Béatrice - In: Journal of Mathematical Economics 49 (2013) 4, pp. 335-343
This paper presents a general result on the random selection of an element from an ordered sequence of risks and uses this result to derive additive and cross risk apportionment. Preferences favoring an improvement of the sampling distribution in univariate or bivariate first-order stochastic...
Persistent link: https://www.econbiz.de/10010875269