Results 341 to 350 of about 15,603,165 (378)
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Risk Aversion and Consumer Preferences
Econometrica, 1977The first part of this article integrates the concept of (relative) risk aversion with respect to income (r) with the static analysis of demand for many commodities. Alternative representations of preferences and demand functions, using duality, give rise to many alternative representations and interpretations of r, and to theorems regarding attitudes ...
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Risk Preferences Are Not Time Preferences: Separating Risk and Time Preference: Comment
American Economic Review, 2015Andreoni and Sprenger (2012a,b) observe that utility functions are distinct for risk and time preferences, and show that their findings are consistent with a preference for certainty. We revisit this question in an enriched experimental setting in which subjects make intertemporal decisions under different risk conditions.
Bin Miao, Songfa Zhong
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An Exception to the Risk Preference Anomaly
The Journal of Business, 1988The theory of risk bearing implies risk aversion. In every published study of horse race betting known to the authors, however, investigators reject this implication in favor of "ri sk-loving" behavior. Using the techniques of these studies, the auth ors examine a new data set from Hong Kong and find a rather different result: Hong Kong bettors seem to
Busche, Kelly, Hall, Christopher D
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Determining risk preferences for pain [PDF]
, 2011 The QALY concept is the commonly used approach in research to evaluate the efficiency of therapies in cost utility analysis. We investigate the risk neutrality assumption for time of the QALY concept: can time be included as a linear factor? Various studies show that this assumption does not hold empirically.
Eike B. Kroll +2 more
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Essays on risk preferences, time preferences, and credit risk contagion
2023This cumulative dissertation comprises two contributions on behavioral finance and one contribution on credit risk management. The first contribution examines the impact of investors’ probability distortion on the stock market and future economic growth.
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Scoring and Predicting Risk Preferences [PDF]
, 2012 This study presents a methodology to determine risk scores of individuals, for a given financial risk preference survey. To this end, we use a regression-based iterative algorithm to determine the weights for survey questions in the scoring process.
Ertek, Gürdal +4 more
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A Theory of Risk Preference in Gambling
Journal of Political Economy, 1971This paper examines the optimal portfolio composition for a risk-preferrer who is a gambler. His indifference curves in the expected return-risk space are shown to be convex to the origin under the assumption of decreasing risk preference, and his efficient opportunity locus is in general discontinuous and convex.
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Risk Preference and Laboratory Use
Medical Decision Making, 1987One hundred thirty-seven physicians were asked to choose between a certain loss of five years of life expectancy and a 50/50 gamble of losing either ten years or zero years of life expectancy. These choices were presented as hypothetical options for a patient with cancer.
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Are ambiguity preferences related to risk preferences?
2023Decisions under risk and ambiguity are frequently encountered nowadays, and associated preferences are frequently quantified. This article deals with the relationship between individuals’ preferences towards risk and ambiguity. In particular, we question the correlation of the preferences and their alignment.
Boun My, Kene +3 more
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Generalised mean-risk preferences
Journal of Economic Theory, 2017zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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