Many conventional economic analyses assume that risk preference is taken as given and do not give much scrutiny on it …. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine … risk preference. This study tried to see if these potential determinants together affect risk aversion in Indonesia using …

Many conventional economic analysis assumes that risk preference is taken as given and do not give much scrutiny on it …. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine … risk preference. This study tried to see if these potential determinants are together affect risk aversion in Indonesia …

on the decision rule, this paper also addresses the utility-based extension of the standard real option model. The … shadow utility process. The joint effect of risk aversion and jumps on the trigger value is analyzed through examples. …

models treat losses and gains equally likely, by disregarding the expected utility when the newsvendor is loss …-averse. Moreover, the use of unbounded utility to model risk attitudes fails to explain some decision-making paradoxes. In contrast …, this paper deals with the utility maximization of the newsvendor using a class of bounded utility functions to study the …