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domains; these include risk aversion, locus of control, alongside socio-economic and demographic characteristics. A greater … aversion to income inequality predicts a lower probability of voting for Leave, even when controlling for risk aversion and …
Persistent link: https://www.econbiz.de/10015121156
correlated with giving in the absence of risk. We find limited support for existing models of ex-post and ex-ante fairness. Our … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences … not exposed to risk while beneficiaries' final earnings may be larger or smaller than the allocation itself, depending on …
Persistent link: https://www.econbiz.de/10011565561
Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to …. The simulations show that aversion to this tipping point risk has little effect. For climate sensitivity of realistic …
Persistent link: https://www.econbiz.de/10010388571
-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …
Persistent link: https://www.econbiz.de/10011305430
We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that … different aversions to risk and intertemporal fluctuations, convex damages, uncertainties in economic growth, atmospheric carbon …-run climate feedbacks. Our non-certainty-equivalent rule for the SCC incorporates precaution, risk insurance, and climate …
Persistent link: https://www.econbiz.de/10011996310
, as well as the degree of risk aversion. Since the consumption uncertainty associated with compensation generally exceeds …
Persistent link: https://www.econbiz.de/10011688166
regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …
Persistent link: https://www.econbiz.de/10011547934
likely to differ in their tolerance for risk. In this paper, I investigate a contracting scheme designed to mitigate the … asymmetric information problem where agents are heterogeneous in their tolerance for risk. Mechanisms that recognize the …' private information about risk tolerance, offer a sensible way to approach the problem. These contracts are generally a …
Persistent link: https://www.econbiz.de/10011855609
) the comparison of the degree of risk aversion for consumption and for LTC expenditures, and (iii) the income level of …
Persistent link: https://www.econbiz.de/10012156711
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012033224