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E-capacities and the Ellsberg paradox
Eichberger, Jürgen; Kelsey, David - In: Theory and decision : an international journal for … 46 (1999) 2, pp. 107-140
Persistent link: https://www.econbiz.de/10001421815
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Ambiguity framed
Schneider, Mark; Leland, Jonathan W.; Wilcox, Nathaniel T. - In: Journal of risk and uncertainty : JRU 57 (2018) 2, pp. 133-151
Persistent link: https://www.econbiz.de/10012022907
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What to Do if Dollar is Not a Dollar? The Impact of Inflation Risk on Production and Risk Management
Adam-Müller, Axel F. A. - 2001
Persistent link: https://www.econbiz.de/10010324059
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Loss aversion and perceptional risk aversion
Maggi, Mario Alessandro - 2004
This paper analyzes, for S-shaped value functions, the relations between loss aversion and perceptional risk aversion (i.e. computed with the perceived probability weights) in Cumulative Prospect Theory. We show that perceptional risk aversion for mixed sign lotteries is equivalent to weak loss...
Persistent link: https://www.econbiz.de/10010326089
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Small-scale changes in wealth and attitudes towards risk
Sousa, Sergio - 2010
This paper reports on an experiment designed to examine the effects of small-scale changes in wealth on risk attitudes. We find that the money given prior to risky choices does not induce a change of subjects' risk preferences. This result supports a key assumption in a recent literature over...
Persistent link: https://www.econbiz.de/10010277500
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Theoretical aspects of long-term evaluation in environmental economics
Traeger, Christian - 2006
Konsum. Im zweiten Teil der Arbeit wird ein verallgemeinertes Bewertungsmodell sowie ein neues Konzept der Risikoaversion … eingeführt. Dieses Konzept der intertemporalen Risikoaversion greift einen wichtigen Aspekt des Vorsichtsprinzips auf. Der dritte … schwacher Nachhaltigkeit. Der zweite Teil der Arbeit führt das Konzept der intertemporalen Risikoaversion in einem didaktisch …
Persistent link: https://www.econbiz.de/10009476176
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Alternative Entscheidungskonzepte in der Banktheorie : mit 11 Tabellen
Langer, Thomas - 1999
Persistent link: https://www.econbiz.de/10000683437
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Learning and Asset Prices under Ambiguous Information
Leippold, Markus; Trojani, Fabio; Vanini, Paolo - Institut für Schweizerisches Bankwesen <Zürich> - 2006
We propose a new continuous time framework to study asset prices under learning and ambiguity aversion. In a partial information Lucas economy with time additive power utility, a discount for ambiguity arises if and only if the elasticity of intertemporal substitution (EIS) is above one. Then,...
Persistent link: https://www.econbiz.de/10005858768
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A benchmark value for relative prudence
Eeckhoudt, Louis; Etner, Johanna; Schroyen, Fred - Center for Operations Research and Econometrics … - 2007
In this paper we propose benchmark values for the coefficients of relative risk aversionand relative prudence on the basis of a binary choice model where the decision makerchooses between aggregating or disaggregating multiplicative risks. We relate ourresults to the decision maker's willingness...
Persistent link: https://www.econbiz.de/10005868751
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Small- and large-stakes risk aversion : implications of concavity calibration for decision theory
Cox, James C.; Sadiraj, Vjollca - In: Games and economic behavior 56 (2006) 1, pp. 45-60
Persistent link: https://www.econbiz.de/10003339984