Search Results - subject:"temporal resolution of risk"

Once upon a time preference: How rationality and risk aversion change the rationale for discounting

2012

The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that permit a more comprehensive risk evaluation. These...

Persistent link: https://www.econbiz.de/10010281940

Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting

Traeger, Christian - CESifo - 2012

Persistent link: https://www.econbiz.de/10010544183

Living with risk

Epstein, Larry G. - University of Rochester - Center for Economic Research … - 2007

the temporal resolution of risk - one is that early resolution may facilitate planning - and KP are noncommital about …-stage lotteries, in order to address the attitude towards the temporal resolution of risk, and also K( (Z)), in order to model the …-stage lotteries, there is indi�erence to the temporal resolution of risk if and only if U and V are ordinally equivalent on (Z …

Persistent link: https://www.econbiz.de/10005698192