Risk aversion, patience and intelligence: Evidence based on macro data
نویسندگان
چکیده
منابع مشابه
Relative Risk Aversion Is Constant: Evidence from Panel Data
Most classical tests of constant relative risk aversion (CRRA) based on individual portfolio composition use cross sectional data. Such tests must assume that the distributions of wealth and preferences are independent. We use panel data to analyze how individuals’ portfolio allocation between risky and riskless assets varies in response to changes in total financial wealth. We find the elastic...
متن کاملMen , Women and Risk Aversion : Experimental Evidence
This paper reviews the results from experimental measures of risk aversion for evidence of systematic differences in the behavior of men and women. In most studies, women are found to be more averse to risk than men. Studies with contextual frames show less consistent results. JEL Codes: C91, D81, J16
متن کاملForecasting Macro-Knowledge Competitiveness; Integrating Panel Data and Computational Intelligence
This paper is proposing an active framework for forecasting the competitiveness of knowledge based economy (KBE) for nations to serve the public, private, and policy makers. We have used three different forecasting methods including, panel data analysis, artificial neural networks (ANN) and linear multiple regression. By structuring and feeding balanced, panel data to the ANN framework, we were...
متن کاملInequality aversion and risk aversion
This note shows that for two inequality averse social welfare functions, if one is more inequality averse than the other, the household preference induced by optimally allocating aggregate bundles according to this social welfare function is more risk averse than the other. We present examples showing that this comparative static can be reversed if inequality aversion is dropped. We show that t...
متن کاملRisk-adjusted control charts based on LR-fuzzy data
Control charts are widely used in industrial processes as well as in health sciences and particularly for monitoring the performance of cardiac surgeon or a group of surgeons based on the preoperative risk of patients. Since the preoperative risk is a vague and nonprecise variable and the anesthesiologists after checking how many risk factors a patient has, determine the risk of mortality befor...
متن کاملذخیره 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: Economics Letters
سال: 2019
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2019.02.026