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accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …
Persistent link: https://www.econbiz.de/10010658704
that the market risk is higher in March and June for the Liv-ex 500 Index and the Liv-ex Investables Index, respectively …. However, this higher market risk is not the cause of the monthly effect. …
Persistent link: https://www.econbiz.de/10010659480
Within forecasts based on single estimations the risk due to uncertainty is not considered. Yet they continue to be …
Persistent link: https://www.econbiz.de/10010660791
Within the study we focused on an analysis of any dependence that may connect some emerging countries aiming mainly to emphasize the intensity of correlations between different financial markets. For this purpose we took into consideration two emerging markets, i.e. Romania and Turkey, due to...
Persistent link: https://www.econbiz.de/10010660793
Risk is present in all human activities; it can be associated with health, security, economy or environment. The goal … of risk management is to control, prevent or decrease potential damages. Technically speaking, risk management means all … the activities coordinated so as to orient and monitor an organization from the risk perspective. Risk management helps …
Persistent link: https://www.econbiz.de/10010660860
We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in which agents not only extract a resource for consumption, but also invest in technology to improve the future stock. At the same time, the agents learn about the stochastic process...
Persistent link: https://www.econbiz.de/10010661508
The present article proposes a typology of the main varieties of uncertainty considered by economists and refines existing concepts. This typology combines three distinctions, between: substantive and procedural uncertainty; weak and strong uncertainty; and ambiguity and fundamental uncertainty....
Persistent link: https://www.econbiz.de/10010663305
Istanbul Stock Exchange (ISE) and examines the impact of ownership structure on performance and risk-taking behavior of Turkish …—ownership concentration and ownership mix—on both performance and risk-taking behavior of the firms in our sample. Higher concentration leads …, seem to have lower performance with lower risk. Government-owned firms have lower accounting but higher market performance …
Persistent link: https://www.econbiz.de/10010663355
Recent research suggests that while betrayal aversion may have negative effects, the presence of betrayal-averse agents is beneficial in reducing trustees’ willingness to betray trust. In light of this, many common knowledge institutions may have adopted rules and features which mitigate the...
Persistent link: https://www.econbiz.de/10010664300
economy may take. The risk then is that on one or more of the paths, there may be an external demand shock, for example, an … exogenous shock in tourism demand. The multi-sector forward-looking CGE model with risk shows the impact of uncertainty on the …-shocked path are a result of household's risk aversion and their substituting resources away from the shocked path. The difference …
Persistent link: https://www.econbiz.de/10010664418