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carry too large costs and consequences of changes which are beyond their control and influence. Collective risk sharing is … based on the fact that it is impossible to separate redistribution from collective risk sharing. It is argued that insurance … the scope for collective risk sharing, namely, adverse incentive effects (common pool) and the nature of shocks. It is …
Persistent link: https://www.econbiz.de/10008800906
Food consumption involves inherently risky decisions with uncertain probabilities. This study examines how second-order ambiguity, or uncertainty over probabilities, affects food safety decisions. We conduct a food safety survey wherein subjects face both unambiguous and ambiguous situations,...
Persistent link: https://www.econbiz.de/10008802894
Published by Asociación de Economistas Agrarios de Chile
Persistent link: https://www.econbiz.de/10008802915
tendency is still going on in the securities firm business (Coşkun, 2009a: 2). In this process, some argue that risk management … specific risks is also important to develop ideal risk management framework for securities firms. Therefore, in this article …
Persistent link: https://www.econbiz.de/10008804691
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008805625
regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …
Persistent link: https://www.econbiz.de/10008805823
Let X be a set of states, and let I be an infinite indexing set. Our first main result states that any separable, permutation-invariant preference order () on X^I admits an additive representation. That is: there exists a linearly ordered abelian group A and a `utility function' u:X--A such...
Persistent link: https://www.econbiz.de/10008805853
automatically facilitate lower risk taking levels – where there is scope for the abuse of powers. As well as illustrating why …
Persistent link: https://www.econbiz.de/10008805896
of techniques -- the "soft path" of flood risk management, which aims to understand, adapt to and work with the forces of …
Persistent link: https://www.econbiz.de/10008828475
In the actual train of events, it would be a utopia for the economical agent to avoid the incertitude. It had been argued that the dimension of this phenomenon knows two extremes: once it is a generator of anxiety but then also a strong motivator regarding the knowledge, innovation and...
Persistent link: https://www.econbiz.de/10008829825