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in the degree of risk aversion. If the contract price increases, the total quantity purchased in period 1 will increase … in the degree of risk aversion. The relationship between the optimal contract quantity and the degree of risk aversion … levels between a combined strategy and a spot sourcing strategy. It shows that a combined strategy is optimal for a risk …
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. Therefore, this article aims to probe the risk-averse attitude of FRM suppliers in the face changing marketing environments, in … order to establish a decision-making theory as a standard reference for optimization methods to satisfy the maximum expected …
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We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA … their risk aversion parameter invest less in risky assets than wealthy investors with identical risk aversion uncertainty. …
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creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation …, incomplete information, and risk aversion. The model predicts that an agent's risk aversion is correlated with her network …
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