منابع مشابه
Temporal Risk Aversion and Long Run Risks
Agents with standard, time-separable preferences do not care about the temporal distribution of risk. This is a strong assumption. For example, it seems plausible that a consumer may nd persistent shocks to consumption less desirable than uncorrelated uctuations. Such a consumer is said to exhibit temporal risk aversion. This paper examines the implications of temporal risk aversion for asset...
متن کاملThe Long-Run Impact of Traumatic Experience on Risk Aversion
We examine the long-run impact of an early childhood exposure to a traumatic event on risk attitudes by studying the Korean War. We find that those who spent their early childhood during the peak of the war remain more risk averse five decades later, even after controlling for age. Furthermore, within the cohorts, those who resided in more severely affected provinces are more risk averse. Also ...
متن کاملAmbiguity aversion in the long run: Repeated decisions under risk and uncertainty
0167-4870/$ see front matter 2009 Elsevier B.V doi:10.1016/j.joep.2009.02.001 * Corresponding author. Tel.: +886 6 253 3131. E-mail addresses: [email protected] (H.-H. Liu) In two experiments, decision makers chose between risky and ambiguous gambles under conditions of both single (unrepeated) and multiply repeated choices. The gambles were presented either as modified Ellsberg urn choices or a...
متن کاملThe Short and Long Run Causality between Agglomeration and Productivity
This study is to investigate the short- and long-run causal relationship between agglomeration (localization and urbanization) economies and labor productivity in the manufacturing sector of 28 Iranian provinces over an 11-year period, 2001–2011. Fully Modified Ordinary Least Squares (FMOLS) method was used to estimate our long-run panel data model. The empirical findings suggested that localiz...
متن کامل“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”
abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...
15 صفحه اولذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Ethics
سال: 2019
ISSN: 0014-1704,1539-297X
DOI: 10.1086/699256