Results 21 to 30 of about 81,784 (49)
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Hedging When Applying: Simultaneous Search with Correlation
The American Economic ReviewApplicants to schools, colleges, and jobs hedge by applying to a broad range of options, including reaches, matches, and safeties. We develop a simultaneous-search framework that rationalizes this practice.
S. N. Ali, Ran I. Shorrer
semanticscholar +1 more source
Optimal Security Design for Risk-Averse Investors
The American Economic ReviewWe use the tools of mechanism design combined with the theory of risk measures to analyze how a cash-constrained owner of an asset with known, stochastic returns raises capital from a population of investors who differ in their risk aversion and budget ...
Alex Gershkov +3 more
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Linking Social and Personal Preferences: Theory and Experiment
Journal of Political EconomyThe goal of this paper is to link attitude toward risk over personal consumption with attitude toward risk over social consumptions. Because many everyday choices involve risk, these attitudes enter virtually every realm of individual decision-making. We
W. Zame +4 more
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Energy Journal
This paper begins with an investigation on the relation between airline fuel hedging and volatility and builds on this idea to consider its effect on the risk and return relationship.
Jason P. Berkowitz +2 more
semanticscholar +1 more source
This paper begins with an investigation on the relation between airline fuel hedging and volatility and builds on this idea to consider its effect on the risk and return relationship.
Jason P. Berkowitz +2 more
semanticscholar +1 more source
Risk Preferences and Field Behavior: The Relevance of Higher-Order Risk Preferences
The American Economic ReviewUsing new methods, we measure the intensities of higher-order risk preferences (prudence and temperance) in an incentivized experiment with 658 adolescents.
Sebastian O. Schneider, Matthias Sutter
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Posterior Separable Cost of Information
The American Economic Review, 2022We provide testable conditions under which the cost of acquiring information is given by the expected reduction of a measure of uncertainty (e.g., entropy).
Tommaso Denti
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Uncertainty and the Economy: The Evolving Distributions of Aggregate Supply and Demand Shocks
Social Science Research NetworkWe estimate the time-varying distribution of aggregate supply (AS) and aggregate demand (AD) shocks. We distinguish between traditional Gaussian uncertainty and “bad” uncertainty, associated with negative skewness.
G. Bekaert +2 more
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An Evolutionary Perspective on Updating Risk and Ambiguity Preferences
Social Science Research NetworkUsing an evolutionary approach, we address the prominent tension in the literature that updating of ambiguity and nonexpected-utility preferences cannot, in general, be both dynamically consistent and consequentialist.
T. Sarver, Philipp Sadowski
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On Taking a Skewed Risk More than Once
American Economic Journal: MicroeconomicsPenny-picking refers to the often-observed phenomenon of repeatedly taking negatively skewed risks and seems directly at odds with evidence on (positive-)skewness-seeking as observed in static settings.
Sebastian Ebert, M. Köster
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American Economic Journal: Microeconomics
This paper examines efficient allocations in economies where consumers exhibit heterogeneous smooth ambiguity preferences and face model uncertainty with a common set of identifiable models. Aggregate endowment is ambiguous.
Chiaki Hara +3 more
semanticscholar +1 more source
This paper examines efficient allocations in economies where consumers exhibit heterogeneous smooth ambiguity preferences and face model uncertainty with a common set of identifiable models. Aggregate endowment is ambiguous.
Chiaki Hara +3 more
semanticscholar +1 more source