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demand for self-protection and the demand for self-insurance as well as the impact of the risk aversion on each of these two …Using a model of bivariate decision under risk of disease, with separates the financial losses from the health losses …
Persistent link: https://www.econbiz.de/10004970465
This paper proposes and characterises a model of uncertainty averse preferences that can simultaneously accommodate three divergences from subjective expected utility: imprecision of beliefs (or ambiguity), imprecision of tastes (or multi utility), and state dependence of utility. Moreover, it...
Persistent link: https://www.econbiz.de/10010501882
' perceived ambiguity have the opposite effect, and lead to less risk-sharing. Entrepreneurs from capital-scarce countries finance … ambiguity, that is, when investors only perceive risk. New facts uncovered from cross-country firm-level data are consistent …
Persistent link: https://www.econbiz.de/10010496775
françaises durant la période 2005-2006 et testons le « risk-relevance » de ces trois mesures. Nous démontrons que la volatilité … performance and risk very differently, especially for companies with significant exposure to changes in fair values of financial … 2005 to 2006, and test the risk-relevance of these different volatility measures. We find that for the average bank, the …
Persistent link: https://www.econbiz.de/10008529652
Persistent link: https://www.econbiz.de/10001337644
Persistent link: https://www.econbiz.de/10015334703
We model the optimal behavior of the public decision-maker of an African country plagued by covid-19, with little fiscal room for maneuver and facing a health-economy dilemma. The model shows that a substantial part of the economic costs of covid-19 is due to a deficit in tropicalization of the...
Persistent link: https://www.econbiz.de/10015214875
This papers studies three questions. What do we know about criminals 'preferences ? How should we represent such preferences ? What are the consequences for law enforcement policies ?
Persistent link: https://www.econbiz.de/10015216652
À l’origine de cette thèse se trouve la question suivante : « Qu’est-ce qui rend possible et justifie que les licenciements économiques soient de plus en plus nombreux dans les entreprises en bonne santé ? » Autrement dit : « en quoi les décisions de licenciement sont-elles des...
Persistent link: https://www.econbiz.de/10015218367
Abstract: The decision theory under risk or uncertainty has for object to describe the behavior of agents facing … determine a satisfactory criteria to answer to the problem of decision under risk or uncertainty and to analyze the approach of …
Persistent link: https://www.econbiz.de/10015223417