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statistical model based on modern portfolio theory was employed to simulate investors' risk aversion in the context of community …This study examines the impact of risk models and investors' risk aversion on the selection of community solar … portfolios. Various risk models to account for the volatility in the electrical power output of community solar, namely variance …
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although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
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This paper develops a model of risky investment in education under disappointment aversion, modelled as loss aversion around one's endogenous expectation. The model shows that disappointment aversion reduces the optimal investment in education for lower ability people and increases it for higher...
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