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Individual preferences, human capital, and economic development
Vischer, Thomas - 2012
with the theory of expected utility. The present study reviews recent trends in the modeling of decision theories, with a … particular focus on the distinctive features of prospect theory. The novel contribution of this study is an empirical analysis of … study of the dissertation investigates the effect of income on democracy, based on the premise that the theory of critical …
Persistent link: https://www.econbiz.de/10009686885
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The role of information and risk sharing for R&D investment, technological change and economic welfare
Drees, Burkhard; Eckwert, Bernhard - In: Recent advances in neo-Schumpeterian economics : essays …, (pp. 101-118). 2009
Persistent link: https://www.econbiz.de/10003874297
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Economic Growth and Risk Taking : Is it Rational to Suffer from Increasing Disaster Losses?
Hallegatte, S. - 2013
This article draws from a study that investigates the link between development, economic growth and the economic losses from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human casualties, but economic losses from natural disasters have...
Persistent link: https://www.econbiz.de/10013076598
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The limits to certainty : facing risks in the new service economy
Giarini, Orio; Stahel, Walter R. - 1989
Persistent link: https://www.econbiz.de/10013410062
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Evolution, heritable risk and skewness loving
Heller, Yuval; Robson, Arthur John - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 403-424
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable risk, in which there is a positive correlation between...
Persistent link: https://www.econbiz.de/10012587359
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Heterogeneous households under uncertainty
Veronesi, Pietro - 2019
Persistent link: https://www.econbiz.de/10011982510
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Financial system risk tolerance capacity and economic growth : evidence from a cross-country analysis
Zhang, Ling; Zhang, Sheng; Tao, Na - In: Global economic review 45 (2016) 2, pp. 97-115
Persistent link: https://www.econbiz.de/10011565898
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Risk attitudes, development, and growth : macroeconomic evidence from experiments in 30 countries
Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter - 2012
We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the … personal income within countries. We show that this paradox can be explained by unified growth theory. These results are …
Persistent link: https://www.econbiz.de/10009671257
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Estimating the effects of risk transfer mechanisms against floods in Europe and USA : a dynamic panel approach
Raschky, Paul A. - 2007
An analysis of the effects of natural hazards on society does not solely depend on a region's topographic or climatic exposure to natural processes, but the region's institutional resilience to natural processes that ultimately determines whether natural processes result in a natural hazard or...
Persistent link: https://www.econbiz.de/10009731161