Results 221 to 230 of about 3,892 (288)

Measuring Ambiguity Aversion: A Systematic Experimental Approach

, 2014
Jan Pieter Krahnen, Peter Ockenfels, Christian Wilde   +2 more
openalex   +1 more source

Precautionary Saving against Correlation under Risk and Ambiguitya

Journal of Money, Credit and Banking, EarlyView.
Abstract This paper considers precautionary saving against the correlation between two risky attributes (wealth and health) and investigates how the correlation affects optimal savings under multivariate preferences. The signs of higher‐order cross‐derivatives play a key role in determining the direction of precautionary saving against such correlation.
TAKAO ASANO, YUSUKE OSAKI
wiley   +1 more source

Optimal Reinsurance Contracts with Ambiguity Aversion and Continuous Dividends under the Principal-Agent Framework [PDF]

迪迪 王
openalex   +1 more source

Asset Pricing and Risk‐Sharing Implications of Alternative Pension Plan Systems

The Journal of Finance, EarlyView.
ABSTRACT We show that incorporating defined benefit pension funds in an incomplete markets asset pricing model improves its ability to match the historical equity premium and riskless rate and has important risk‐sharing implications. We document the importance of the pension fund's size and asset demands, and a new risk channel arising from ...
NUNO COIMBRA, FRANCISCO GOMES, ALEXANDER MICHAELIDES, JIALU SHEN   +3 more
wiley   +1 more source

Vaccination for adults and their children: insights from survey and experimental data. [PDF]

Health Econ Rev
Guo Y, Peng Y, Wei L.
europepmc   +1 more source

What Drives Investors' Portfolio Choices? Separating Risk Preferences from Frictions

The Journal of Finance, EarlyView.
ABSTRACT We study the role of risk preferences and frictions in portfolio choice using variation in 401(k) default options. Patterns of active choice in response to different default funds imply that, absent participation frictions, 94% of investors prefer holding stocks, with an equity share of retirement wealth declining with age—patterns markedly ...
TAHA CHOUKHMANE, TIM DE SILVA
wiley   +1 more source

Novel assessment of risk tolerance in acute healthcare settings: a questionnaire-based study investigating risk tolerance of service users and staff in ambulatory care and front-door services. [PDF]

BMJ Open
Harris C, Lohse J, Drouvelis M, Lasserson DS.   +3 more
europepmc   +1 more source

Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity

The Journal of Finance, EarlyView.
ABSTRACT We study the role of asset revaluation in the monetary transmission mechanism. We build an analytical heterogeneous‐agents model with two main ingredients: (i) rare disasters and (ii) heterogeneous beliefs. The model captures time‐varying risk premia and precautionary savings in a setting that nests the textbook New Keynesian model.
NICOLAS CARAMP, DEJANIR H. SILVA
wiley   +1 more source

Time-consistent robust investment-reinsurance strategy with common shock dependence under CEV model. [PDF]

PLoS One
Li L, Qiu Z.
europepmc   +1 more source

Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice

The Journal of Finance, EarlyView.
ABSTRACT We study aversion to model ambiguity and misspecification in dynamic portfolio choice. Risk‐averse investors (relative risk aversion γ>1$\gamma > 1$) fear return persistence, while risk‐tolerant investors (0<γ<1$0<\gamma <1$) fear mean reversion, when confronting model misspecification concerns of identically and independently distributed (IID)
PASCAL J. MAENHOUT, HAO XING, ANNE G. BALTER   +2 more
wiley   +1 more source