Evolution, heritable risk, and skewness loving
نویسندگان
چکیده
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources risk: idiosyncratic and aggregate risk. We introduce a new source risk, heritable in which there is positive correlation between the fitness newborn agent her parent. Heritable was plausibly common our past it leads to strictly higher growth rate than other show that presence may explain tendency people exhibit skewness loving today.
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2021
ISSN: ['1555-7561', '1933-6837']
DOI: https://doi.org/10.3982/te3949