risk and theories of loss aversion and ambiguity aversion. …

steigern. Eine Divergenz im systemischen Risiko kann zu einer Divergenz im Versicherungsangebot führen. Eine öffentliche …­kosten als Hofertragsversicherungen. Letztere können aber, abhängig von den Selbstbeteiligungen, das Risiko der Landwirte stärker …

-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance …, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …

hedging in terms of risk reduction, in that the certainty equivalent payoff at their optimal hedge may be little different to …The use by farmers of futures contracts and other hedging instruments has been observed to be low in many situations … understandable and consistent with rational decision making. Standard models of the decision about optimal hedging show that it is …

joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of … investment under uncertainty by incorporating decision makers' risk preferences and allows explicitly analyzing the impacts of … risk aversion, uncertainty and irreversibility on decisions such as investment and resource allocations. It addresses the …

consumption. The second part introduces a generalized evaluation model and a new concept of risk aversion. The latter concept …, termed intertemporal risk aversion, takes up an important concern of the precautionary principle. The third part extends the ….The second part of the thesis introduces the concept of intertemporal risk aversion in a didactically simplified two period …

-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …

.Chapter IIIThis paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … risk-averse subjects are equally likely to cooperate in the prisoner’s dilemma and equally likely to punish in the … risk attitude is a factor when making the decision to cooperate. …

of risk aversion that is based on the observed risk preferences of energy hedging market participants. The resulting …Risk aversion is a key element of utility maximizing hedge strategies; however, it has typically been assigned an … estimates are applied to derive explicit risk aversion based optimal hedge strategies for both short and long hedgers. Out …

of riskaversion that is based on the observed risk preferences of energy hedging marketparticipants. The resulting …Risk aversion is a key element of utility maximizing hedge strategies; however, it hastypically been assigned an … estimates are applied to derive explicit risk aversion basedoptimal hedge strategies for both short and long hedgers. Out …