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Aging and Attitudes Towards Strategic Uncertainty and Competition: An Artefactual Field Experiment in a Swiss Bank
Madiès, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - HAL - 2012
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010821398
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Intergenerational Attitudes Towards Strategic Uncertainty and Competition: A Field Experiment in a Swiss Bank
Madiès, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - HAL - 2013
With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
Persistent link: https://www.econbiz.de/10010899002
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Managing financial risks due to natural catastrophes
Kast, Robert - HAL - 2011
This paper was prepared for the First Journées d'Economie et Econométrie de l'Asssurance, in Rennes, October 22nd and 23rd, 2009. It's a melting pot of several papers that I have written with my co-authors, plus a very short summary of Graciella Chichilnisky enlightening results. But, before...
Persistent link: https://www.econbiz.de/10010618146
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Fourth order pseudo maximum likelihood methods
Holly, Alberto; Monfort, Alain; Rockinger, Michael - HAL - 2011
parametric model, to avoid a risk of misspecification of the conditional distribution. The key statistical tool is the quartic …
Persistent link: https://www.econbiz.de/10010820447
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Fourth order pseudo maximum likelihood methods
Holly, Alberto; Monfort, Alain; Rockinger, Michael - HAL - 2011
parametric model, to avoid a risk of misspecification of the conditional distribution. The key statistical tool is the quartic …
Persistent link: https://www.econbiz.de/10010820956
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On Portfolio Choice with Savoring and Disappointment
Jouini, Elyès; Karehnke, Paul; Napp, Clotilde - HAL - 2013
We revisit the model proposed by Gollier and Muermann (see Gollier, C. and A. Muermann, 2010, Optimal choice and beliefs with exante savoring and ex-post disappointment, Management Sci., 56, 1272-1284, hereafter GM). In GM, for a given lottery, agents form anticipated expected payoffs and the...
Persistent link: https://www.econbiz.de/10010733705
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Asymptotic refinements of bootstrap tests in a linear regression model ; A CHM bootstrap using the first four moments of the residuals
Treyens, Pierre-Eric - HAL - 2008
the models y =μ+u and y=ax+u where the disturbances have nonnull kurtosis coefficient and a skewness coefficient equal to …
Persistent link: https://www.econbiz.de/10008793622
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A PARAMETRIC BOOTSTRAP USING THE FIRST FOURMOMENTS OF THE RESIDUALS
Treyens, Pierre-Eric - HAL - 2007
this paper that this assertion is false if skewness and/or kurtosis coefficients of the distribution of the disturbances … an intercept where the disturbances where the disturbances have nonnull kurtosis coefficient and a skewness coefficient …
Persistent link: https://www.econbiz.de/10008793826
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TWO METHODS TO GENERATE CENTERED DISTRIBUTIONS CONTROLLING SKEWNESS AND KURTOSIS COEFFICIENTS
Treyens, Pierre-Eric - HAL - 2007
Whatever the econometric model which we study; any simulation requires a perfectly definite DGP. Thus, even if all software can generate standard normal distributions, we need methods not programmed to control higher moments. For all these methods, we need to estimate the parameters connected to...
Persistent link: https://www.econbiz.de/10008794842
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Distortion risk measures, ambiguity aversion and optimal effort
Robert, Christian; Thérond, Pierre-Emmanuel - HAL - 2013
-maker's attitude to risk and provide comparative static results. We also assume ambiguity about the probability distribution of the … greater risk aversion. Finally we examine whether a more risk-averse and a more ambiguity-averse individual will invest in …We consider the class of concave distortion risk measures to study how choice is influenced by the decision …
Persistent link: https://www.econbiz.de/10010821390