Results 271 to 280 of about 63,700 (310)
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The Journal of Finance, 1983
ABSTRACTIn order to supply additional empirical evidence of the effect of wealth on relative risk aversion, this study investigates households' demand for risky assets, using analysis of covariance techniques applied to the asset holdings of Canadian individual households. The extent and pattern of life‐cycle effects are also examined.
Morin, Roger A +1 more
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ABSTRACTIn order to supply additional empirical evidence of the effect of wealth on relative risk aversion, this study investigates households' demand for risky assets, using analysis of covariance techniques applied to the asset holdings of Canadian individual households. The extent and pattern of life‐cycle effects are also examined.
Morin, Roger A +1 more
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The Journal of Finance, 1985
ABSTRACTThis paper characterizes conditions under which asset returns and consumption are consistent with risk‐averse preferences. It is shown that risk aversion is equivalent to “zero arbitrage” on a transformation of the payoff space. The implicit state prices which are dual to this no‐arbitrage condition can be interpreted as prices of “pure ...
Green, Richard C, Srivastava, Sanjay
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ABSTRACTThis paper characterizes conditions under which asset returns and consumption are consistent with risk‐averse preferences. It is shown that risk aversion is equivalent to “zero arbitrage” on a transformation of the payoff space. The implicit state prices which are dual to this no‐arbitrage condition can be interpreted as prices of “pure ...
Green, Richard C, Srivastava, Sanjay
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Journal of Intelligent Manufacturing, 2014
This paper discusses the risk aversion within the framework of the uncertainty theory (Liu in Uncertainty theory: A branch of mathematics for modeling human uncertainty. Springer, Berlin, 2010b), and introduces the notions of uncertain expected utility and uncertain risk premium.
Jian Zhou 0003 +4 more
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This paper discusses the risk aversion within the framework of the uncertainty theory (Liu in Uncertainty theory: A branch of mathematics for modeling human uncertainty. Springer, Berlin, 2010b), and introduces the notions of uncertain expected utility and uncertain risk premium.
Jian Zhou 0003 +4 more
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Econometrica, 1979
This paper develops a matrix-measure of multivariate risk aversion which is related to a notion of risk premium and states the restrictions that must be imposed upon the matrix-measures of two utility functions in order that one require a higher risk premium than another for every small multivariate risk.
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This paper develops a matrix-measure of multivariate risk aversion which is related to a notion of risk premium and states the restrictions that must be imposed upon the matrix-measures of two utility functions in order that one require a higher risk premium than another for every small multivariate risk.
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Fuzzy Sets and Systems, 2009
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Journal of Economic Theory, 1998
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Safra, Zvi, Segal, Uzi
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Safra, Zvi, Segal, Uzi
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The Economic Journal, 1995
In a contest, participants spend money or effort to increase their chances of winning a prize. The authors examine primarily the following question: Could the timid (the more risk averse) have a better chance of winning in contests? Under limited liability the answer is always positive.
Skaperdas, Stergios, Gan, Li
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In a contest, participants spend money or effort to increase their chances of winning a prize. The authors examine primarily the following question: Could the timid (the more risk averse) have a better chance of winning in contests? Under limited liability the answer is always positive.
Skaperdas, Stergios, Gan, Li
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Clinical Psychology & Psychotherapy, 2004
AbstractMuch research has shown that cognitive processes are largely guided by individuals' states of mind (Mancini & Gangemi, 2002a, in press; Smeets, de Jong, & Mayer, 2000). In this paper, we specifically consider a state of mind characterized by guilt for having acted irresponsibly. This state is currently considered the breeding ground for
Francesco Mancini, GANGEMI, Amelia
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AbstractMuch research has shown that cognitive processes are largely guided by individuals' states of mind (Mancini & Gangemi, 2002a, in press; Smeets, de Jong, & Mayer, 2000). In this paper, we specifically consider a state of mind characterized by guilt for having acted irresponsibly. This state is currently considered the breeding ground for
Francesco Mancini, GANGEMI, Amelia
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Risk aversion in the Talmud [PDF]
Economic Theory, 2003 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Eastern Economic Journal, 2007 The paper investigates, and estimates, banks’ risk aversion that is factored into the spread between the interest rate on time deposits and the interest rate on non-time deposits. The estimation results indicate that the relative risk aversion coefficient estimates of individual banks fall between 0 and 1, but mostly around 0.2, thereby indicating that
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