conjunctive use of ground and surface water can increase reliability of the water supply by providing independent sources. in this study, corrected utility-efficient pro-gramming that allows for more than one seasonal irrigation depth for each crop was used to determine the amount of utility maximizing investment in the well capacity for conjunctive use. results showed that optimum investment a...

background: role of nitric oxide (no) on expression of morphine conditioning using a solely classic task has been proposed previously. in this work, the involvement of no on the expression of opioid-induced conditioning in the task paired with an injection of naloxone was investigated. methods: conditioning was established in adult male wistar rats (weighing 200-250 g) using an unbiased procedu...

Research on betrayal aversion shows that individuals' response to risk depends not only on probabilities and payoffs, but also on whether the risk includes a betrayal of trust. While previous studies focus on measuring aggregate levels of betrayal aversion, the connection between an individual's own betrayal aversion and other individually varying factors, including risk preferences, are curren...

Cooperation among individuals depends, in large part, on a sense of fairness. Many cooperating non-human primates (NHPs) show inequity aversion, (i.e., negative responses to unequal outcomes), and these responses toward inequity likely evolved as a means to preserve the advantages of cooperative relationships. However, marmosets (Callithrix spp.) tend to show little or no inequity aversion, des...

Individual-Level Loss Aversion in Riskless and Risky Choices Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (rand...

â â â â  reza roshan [1] â  department of economics, university of sistan and baluchestan , iran â  mosayeb pahlavani â  department of economics, university of sistan and baluchestan, iran â  mohammad nabi shahyaki tash â  department of economics, university of sistan and baluchestan, iran â  â â â  abstract â  consumption is the principal feature of iran’s gross national production. therefor...

This paper generalizes the notion of risk aversion for functions which are not necessarily differentiable nor strictly concave. Using an approach based on superdifferentials, we define the notion of a risk aversion measure, from which the classical absolute as well as relative risk aversion follows as a RadonNikodym derivative if it exists. Using this notion, we are able to compare risk aversio...

Risk aversion and decreasing absolute risk aversion play prominent roles in the expected utility theory of demand for insurance against a known risk of accident losses. Demand for insurance against an accident risk that is not known with certainty depends on the attitude toward bearing this ambiguity as well as the underlying risk. Ambiguity aversion in the recursive model developed by Klibanof...