منابع مشابه
Risk Attitude and College Attendance
This paper documents the relation between risk attitude and college attendance. A measure of the degree of risk aversion is constructed based upon the National Longitudinal Survey for Youth. Statistics and estimation results suggest that risk aversion may have a negative impact on the decision to attend college. Several potential endogeneity problems are discussed. (
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The present research addresses whether narcissists are more overconfident than others and whether this overconfidence leads to deficits in decision making. In Study 1, narcissism predicted overconfidence. This was attributable to narcissists’ greater confidence despite no greater accuracy. In Study 2, participants were offered fair bets on their answers. Narcissists lost significantly more poin...
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Risk management is recognised as an essential contributor to business and project success, since it focuses on addressing uncertainties in a proactive manner in order to minimise threats, maximise opportunities, and optimise achievement of objectives. There is wide convergence and international consensus on the necessary elements for a risk management process, and this is supported by a growing...
متن کاملHistory-dependent risk attitude
We propose a model of history-dependent risk attitude (HDRA), allowing the attitude of a decision-maker (DM) towards risk at each stage of a T -stage lottery to evolve as a function of his history of disappointments and elations in prior stages. We establish an equivalence between the existence of an HDRA representation and two documented cognitive biases. First, the DM’s risk attitudes are rei...
متن کاملCapturing Intrinsic Risk Attitude
The paper introduces a new concept of intrinsic risk attitude. In contrast to the common Arrow-Pratt measure, the present concept is directly tied to preferences on the multidimensional consumption space and is independent of the way we measure consumption, of the commodity under observation, and of market prices or liquidity constraints. The measure relies on intertemporal choice to distinguis...
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ژورنال
عنوان ژورنال: Emirates Journal of Food and Agriculture
سال: 2013
ISSN: 2079-052X
DOI: 10.9755/ejfa.v25i7.13584