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The risk attitude plays an important role in analyzing decision making under uncertainty. It is essential to confirm whether the risk aversion parameter in a certain situation, called “domain,” can be applied to other situations.
Yoichiro Fujii, Noriko Inakura
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Farmers’ Attitudes towards Risk—An Empirical Study from Poland
Risk aversion is an important research area in the field of agricultural economics in the last years. Creating effective and efficient risk management tools in an increasingly volatile economic and natural environment requires proper recognition of ...
Piotr Sulewski +5 more
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Risk Aversion and Religion [PDF]
We use a dataset for a demographically representative sample of the Dutch population that contains a revealed preference risk attitude measure, as well as detailed information about participants’ religious background, to study three issues. First, we find strong confirmatory evidence that more religious people, as measured by church membership or ...
Noussair, C.N. +3 more
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Risk Aversion and Emotions [PDF]
AbstractWe consider the relationship between emotions and decision‐making under risk. Specifically, we examine the emotional correlates of risk‐averse decisions. In our experiment, individuals' facial expressions are monitored with face reading software, as they are presented with risky lotteries.
Nguyen, Y., Noussair, C.N.
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With the increase of black swan incidents, cross-border e-commerce supply chains are facing more risks. Out-of-stock aversion and waste aversion are examined as the risk preferences of cross-border e-commerce platforms and overseas warehouses based on ...
Xin Xu, Shaojie Zhou
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Measuring Risk Aversion and the Wealth Effect [PDF]
Measuring risk aversion is sensitive to assumptions about the wealth in subjects’ utility functions. Data from the same subjects in low- and high-stake lottery decisions allow estimating the wealth in a pre-specified one-parameter utility function ...
Heinemann, Frank
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Risk and Probability Premiums for Cara Utility Functions
The risk premium and the probability premium are used to determine appropriate coefficients of absolute risk aversion under CARA utility. A defensible range of risk aversion coefficients is defined by the coefficients that correspond to risk premiums ...
Bruce A. Babcock +2 more
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Anomalies: Risk aversion [PDF]
Economists ubiquitously employ a simple and elegant explanation for risk aversion: It derives from the concavity of the utility-of-wealth function within the expected-utility framework. We show that this explanation is not plausible in most applications, since anything more than economically negligible risk aversion over moderate stakes requires a ...
Matthew Rabin, Richard H. Thaler
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Identifying the Factors Affecting the Risk Aversion of Individuals in Iran [PDF]
Risk and uncertainty are key factors in making economic decisions. Since individual attitudes towards risk can greatly influence choices, it is crucial to understand the determinants of such preferences in order to predict and comprehend individuals ...
Habib Morovat +2 more
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Risk Aversion is Associated with Decision Making among Community-Based Older Persons
Background: Risk aversion is associated with many important decisions among younger and middle aged persons, but the association of risk aversion and decision making has not been well studied among older persons who face some of the most significant ...
Patricia eBoyle +3 more
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