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about their risk and risk aversion. The model includes random damages and allows for several claims, while insurees choose … from a finite number of coverages. We show that the joint distribution of risk and risk aversion is nonparametrically …
Persistent link: https://www.econbiz.de/10015190336
Persistent link: https://www.econbiz.de/10012547941
. We compare the optimal output levels of regret-averse firms with purely risk- averse firms under uncertainty and firms … under certainty. We first show that the linear-regret firms will surely produce more than their purely risk …-averse firms to produce more than the purely risk-averse counterparts and study the comparative statics of the optimal production …
Persistent link: https://www.econbiz.de/10012268101
Persistent link: https://www.econbiz.de/10012591011
in time. We show that in each problem, all risk-averse decision makers have the same (problem-dependent) ranking over … short-term risky assets. Moreover, in each problem, the ranking is represented by the same risk index as in the case of CARA …
Persistent link: https://www.econbiz.de/10012308696
The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain … framework for measuring price risk aversion through varying prices as opposed to varying payoffs, which has been common practice … function (DUF) and the IUF are dual to each other, implicitly suggesting that the degree of risk aversion (or risk seeking …
Persistent link: https://www.econbiz.de/10013368182
maintain an optimal balance among risk, return, and investor preferences. To analyze various portfolio variants, we use data on … portfolio adjustments. Portfolios with short-term horizons with less risk-averse investors and those for generation Z are the …
Persistent link: https://www.econbiz.de/10014476905
at examining the risk perception, risk aversion and risk management strategies of maize producers in Awi zone, which is … found in the northwest part of Ethiopia. The study involved 343 respondents who produced maize under risk. Descriptive … regression model were used to process the data. The results showed that farmers have different perceptions of the endogenous risk …
Persistent link: https://www.econbiz.de/10014306089
This study examines the impact of risk models and investors' risk aversion on the selection of community solar … portfolios. Various risk models to account for the volatility in the electrical power output of community solar, namely variance … (Var), SemiVariance (SemiVar), mean absolute deviation (MAD), and conditional value at risk (CVaR), were considered. A …
Persistent link: https://www.econbiz.de/10014636606
for individuals to prefer an uncertain payoff to a sure gain, and, thus, lower risk aversion. This paper found evidence of …
Persistent link: https://www.econbiz.de/10013252717