Results 11 to 20 of about 1,447,771 (359)
Hedging with small uncertainty aversion [PDF]
SSRN Electronic Journal, 2016 We study the pricing and hedging of derivative securities with uncertainty about the volatility of the underlying asset. Rather than taking all models from a prespecified class equally seriously, we penalise less plausible ones based on their “distance ...
Sebastian Herrmann +2 more
semanticscholar +7 more sources
Risk aversion under preference uncertainty [PDF]
SSRN Electronic Journal, 2010 We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility ...
Kräussl, Roman +2 more
core +9 more sources
Comparing uncertainty aversion towards different sources [PDF]
Theory and Decision, 2016 We propose simple behavioral definitions of comparative uncertainty aversion for a single agent towards different sources of uncertainty. Our definitions allow for the comparison of utility curvature for different sources if the agent’s choices satisfy ...
A. Baillon, Ning Liu, Dennie van Dolder
semanticscholar +5 more sources
Uncertainty Avoidance, Loss Aversion and Stock Market Participation
Global Finance Journal, 2020 Stock market participation differs a lot across countries. Cultural dimensions could be a potential factor for that. We show that indeed uncertainty avoidance (UAI) is linked to rates of stock market participation across countries.
Marc Oliver Rieger
openalex +2 more sources
Uncertainty aversion predicts the neural expansion of semantic representations
bioRxiv, 2023 Marc–Lluís Vives +4 more
openalex +3 more sources
The Effectiveness of Unconventional Monetary Policy on Risk Aversion and Uncertainty
Social Science Research Network, 2017 This paper examines the impact of unconventional monetary policy of ECB measured by its balance sheet expansion on euro area equity market uncertainty and investors risk aversion within a structural VAR framework.
Leonidas Rompolis
openalex +2 more sources
UNCERTAINTY AVERSION AND PORTFOLIO INERTIA [PDF]
Bulletin of Economic Research, 2011 Summary: In stock markets, we often observe\ portfolio inertia, i.e., a situation in which some stocks are not traded or not priced for a few minutes or longer. This is neither an exceptional situation in which some stock price soars too high to be priced, nor the one where some stock price plummets too much to be traded. By introducing the concept of `
Takao Asano
openalex +2 more sources
Preference for playing order in games with and without replacement: Motivational biases and probability misestimations [PDF]
Judgment and Decision Making, 2022 This research explores the preference for playing order in games in which each of several players draws a random event (e.g., a ball from an urn), with and without replacement after each draw.
Kwanho Suk, Jieun Koo
doaj +2 more sources
RISK AVERSION, UNCERTAINTY AVERSION, AND VARIATION AVERSION IN APPLIED COMMODITY PRICE ANALYSIS [PDF]
, 2002 Standard models of hedging behavior assume that either hedgers wish to minimize net price variation or they wish to balance variation versus profits.
Frechette, Darren L., Wen, Fang-I
core +2 more sources
Risk Aversion, Price Uncertainty and Irreversible Investments [PDF]
SSRN Electronic Journal, 2003 This paper generalizes the theory of irreversible investment under uncertainty by allowing for risk averse investors in the absence of com-plete markets.Until now this theory has only been developed in the cases of risk neutrality, or risk aversion in ...
Goorbergh, R.W.J. van den +2 more
core +6 more sources