Showing 1 - 10 of 101
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008791266
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10008791715
assess the risk mitigation capacity of weather index-based insurance for cotton farmers. We compare the ability of various … give a tractable definition of basis risk and use it to show that weather index-based insurance is associated with a large … dates. Finally we find that the gain of the weather-index based insurance is lower than that of hedging against cotton price …
Persistent link: https://www.econbiz.de/10010820939
assess the risk mitigation capacity of weather index-based insurance for cotton farmers. We compare the ability of various … give a tractable definition of basis risk and use it to show that weather index-based insurance is associated with a large … significantly decreases the basis risk, compared to using simulated sowing dates. Finally we found that the gain of the weather …
Persistent link: https://www.econbiz.de/10010739073
, results underline the limited impact of weather on the interconnection of these markets. …
Persistent link: https://www.econbiz.de/10008793759
This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each final or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this...
Persistent link: https://www.econbiz.de/10010821246
We review recent advances in the field of decision making under uncertainty or ambiguity. …
Persistent link: https://www.econbiz.de/10010738626
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be …
Persistent link: https://www.econbiz.de/10010898370
de prise de décision : analogique, déductif et inductif. Ces processus soulignent la complexité des relations entre les …
Persistent link: https://www.econbiz.de/10010898885
attention. They nonetheless constituted an opportunity to introduce a sophisticated analysis of individual decision under risk …
Persistent link: https://www.econbiz.de/10010899316