Search Results - subject:"absolute risk aversion"

Existence of monotone equilibrium in first price auctions with private risk aversion and private initial wealth

Gentry, Matthew; Li, Tong; Lu, Jingfeng - In: Games and economic behavior 94 (2015), pp. 214-221

Persistent link: https://www.econbiz.de/10011574893

Convex and decreasing absolute risk aversion is proper

Huang, James - In: Economics Letters 125 (2014) 1, pp. 123-125

is sufficient for this concept. We show in this short article that convex and decreasing absolute risk aversion is an …

Persistent link: https://www.econbiz.de/10010939507

Convex and decreasing absolute risk aversion is proper

Huang, James - In: Economics letters 125 (2014) 1, pp. 123-125

Persistent link: https://www.econbiz.de/10010504740

Wealth Effects on Demand for Insurance

Aase, Knut K. - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2007

A standard result states that under decreasing absolute risk aversion the indifference premium of the insured is a …

Persistent link: https://www.econbiz.de/10005645032

Unfair credit allocations

Coco, Giuseppe; Pignataro, Giuseppe - In: Small Business Economics 41 (2013) 1, pp. 241-251

This article investigates the impact of credit allocation on heterogeneous wealth entrepreneurs. We show that with decreasing risk aversion and unobservable wealth, poorer borrowers exert more effort. As a consequence of endogenous adverse selection, they are either excluded from the market or...

Persistent link: https://www.econbiz.de/10010865390

Pareto utility

Ikefuji, Masako; Laeven, Roger; Magnus, Jan; Muris, Chris - In: Theory and Decision 75 (2013) 1, pp. 43-57

. It exhibits decreasing absolute risk aversion and increasing but bounded relative risk aversion. It is applicable …

Persistent link: https://www.econbiz.de/10010865821

Risk attitudes and premiums of U.S. corn and soybean producers: an empirical investigation

Livingston, Michael; Mishra, Ashok - In: Empirical Economics 44 (2013) 3, pp. 1337-1351

The 2000 Agricultural Risk Protection Act and 2002 Farm Security and Rural Investment Act reduced price and yield risks faced by many U.S. crop producers to low levels. We use a non-structural methodology extended for application to pseudo panels and national survey data to examine the risk...

Persistent link: https://www.econbiz.de/10010680626

Heterogeneous Risk Attitudes in a Continuous-Time Model

Hara, Chiaki - Institute of Economic Research, Kyoto University - 2005

We prove that every continuous-time model in which all consumers have time-homogeneous and time-additive utility functions and share a common probabilistic belief and a common discount rate can be reduced to a static model. This result allows us to extend some of the existing results on the...

Persistent link: https://www.econbiz.de/10005422899

Monotone risk aversion

Nielsen, Lars - In: Economic Theory 25 (2005) 1, pp. 203-215

This paper defines decreasing absolute risk aversion in purely behavioral terms without any assumption of … differentiability and shows that a strictly increasing and risk averse utility function with decreasing absolute risk aversion is … aversion if and only if it has a decreasing absolute risk aversion density, and if and only if the cumulative absolute risk …

Persistent link: https://www.econbiz.de/10005753235

Decreasing absolute risk aversion, prudence and increased downside risk aversion

Liu, Liqun; Meyer, Jack - In: Journal of Risk and Uncertainty 44 (2012) 3, pp. 243-260

Persistent link: https://www.econbiz.de/10010863454