Narrow search
Showing 1 - 10 of 76,706
Cover Image
Interemporal Risk Aversion - or - Wouldn't it be Nice to Tell Whether Robinson Crusoe is Risk
Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2011
The paper introduces a new notion of risk aversion that is independent of the good under observation and its measure scale. The representational framework builds on a time consistent combination of additive separability on certain consumption paths and the von Neumann & Morgenstern (1944)...
Persistent link: https://www.econbiz.de/10010676514
Cover Image
Once upon a time preference: How rationality and risk aversion change the rationale for discounting
2012
future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010281940
Cover Image
Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian - CESifo - 2012
future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010544183
Cover Image
Subjective Risk, Confidence, and Ambiguity
Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2011
his confidence in the uncertainty assessment of a particular setting. …
Persistent link: https://www.econbiz.de/10011130823
Cover Image
Subjective risk, confidence, and ambiguity
Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2009
his confidence in the uncertainty assessment of a particular setting. …
Persistent link: https://www.econbiz.de/10009646078
Cover Image
Intertemporal risk aversion - or - wouldn't it be nice to tell whether Robinson Crusoe is risk averse?
Traeger, Christian - 2010
Persistent link: https://www.econbiz.de/10009296724
Cover Image
Discounting and confidence
Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2011
The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … general class of preferences for which uncertainty implies a reduction of the discount rate. It also characterizes how the …
Persistent link: https://www.econbiz.de/10009646069
Cover Image
Discounting and confidence
Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2011
The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … general class of preferences for which uncertainty implies a reduction of the discount rate. It also characterizes how the …
Persistent link: https://www.econbiz.de/10010676464
Cover Image
Personal finance and life insurance under separation of risk aversion and elasticity of substitution
Jensen, N. E.; Steffensen, M. - In: Insurance / Mathematics & economics 62 (2015), pp. 28-41
Persistent link: https://www.econbiz.de/10011312090
Cover Image
Risk aversion, fanning preference and volatility smirk on S&P 500 index options
Chen, Jian; Ma, Chenghu - In: Applied economics 48 (2016) 34/36, pp. 3277-3292
Persistent link: https://www.econbiz.de/10011617231