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Economic Models of Survival Under Uncertainty.

Roy, S. - Econometrisch Instituut, Faculteit der Economische … - 1992

Persistent link: https://www.econbiz.de/10005474873

Goldsmith, A.E. - EAGER Publication/BHM - 2000

In general, Sub-Saharan Africa has produced a notable absence of leadership. Authoritarian political traditions, lack of national identity, underdeveloped middle classes, and widespread economic distress are among the sweeping, impersonal forces cited as factors that produce poor leader after...

Persistent link: https://www.econbiz.de/10005474921

Cognition in Seemingly Riskless Choices and Judgments.

Levy-Garboua, L.; Montmarquette, C. - Théorie et Applications en Microéconomie et … - 1995

We instillate rational cognition and learning in "seemingly riskless" choices and judgments. Preferences and possibilities are given in a stochastic sense and based on revisable expectations. The theory predicts experimental preference reversals and passes a sharp econometric test of the status...

Persistent link: https://www.econbiz.de/10005474936

The Introduction of Uncertainty into Keynesianism: Imagination, Expectation and Decision-Making.

Wubben, E.F.M. - Faculteit der Economische Wetenschappen, Erasmus … - 1992

Persistent link: https://www.econbiz.de/10005474972

Stochastic Analysis of Duplicates in Life Insurance Portfolios.

Denuit, M. - Catholique de Louvain - Institut de statistique - 2000

The aim of this short note is to investigate the impact of duplicates in a life insurance portfolio by means of the supermodular order. Most classical results involving the variances are generalized using the stop-less order.

Persistent link: https://www.econbiz.de/10005475070

ADVERSE SELECTION IN CREDIT MARKETS AND INFANT INDUSTRY PROTECTION

FLAM, H.; STAIGER, R.W. - Hoover Institution on War Revolution & Peace, Stanford … - 1989

Persistent link: https://www.econbiz.de/10005475073

An Essay on the Competitive Formation of Preferences.

Palacios-Huerta, I.; Santos, J.J. - Hoover Institution on War Revolution & Peace, Stanford … - 1998

The endogeneity of preferences implies that not only individual preferences -along with technologies, government policies, and the organization of society and markets- determine economic outcomes, but also that the economic, social, legal, and cultural structure of society affects preferences....

Persistent link: https://www.econbiz.de/10005475091

Least Squares Predictions and Mean-Variance Analysis

Sentana, E. - Centro de Estudios Monetarios y Financieros (CEMFI) - 1997

In an economy with one riskless and one risky asset, we compare the Sharpe ratios of investment funds that allow: i) timing strategies which forecast the market using simple regressions; ii) a strategy which uses multiple regression instead; and iii) a passive allocation which combines the funds in...

Persistent link: https://www.econbiz.de/10005475098

Substitution, Risk Aversion, Taste Shocks and Equity Premia.

Normandin, M.; St-Amour, P. - Département d'Économique, Université Laval - 1996

This paper investigates the testable restrictions on the time-series behavior of equity premia implied by a representative agent model whose state and time-non-separable preferences are subject to taste shocks. The model nests state and time-separable preferences with and without taste shocks as...

Persistent link: https://www.econbiz.de/10005475121

Risk Sharing of Disaggregate Macroeconomic and Idiosyncratic Shocks.

Hess, G.D.; Shin, K. - London School of Economics (LSE) - 1999

a deeper understanding as to why the economy lacks in specific areas of risk sharing arrangements. As well, it can point … to areas where the economy's risk sharing capability can be enhanced. Using household data from the Panel Study of Income … Dynamics, we find that a negligible amount of risk (around 10%) is shared in the aggregate, about 50% is shared within regions …

Persistent link: https://www.econbiz.de/10005475171