Risk aversion is one of the major impediments to entrepreneurship, and survival growth startups in developing world. Female entrepreneurs portray even a higher risk averse attitude regarding starting new businesses or introducing business lines their existing businesses. The intention this study explore strategies that can be employed reduce among female entrepreneurs. A qualitative research me...

Most frequently used class of utility functions for modelling the investment policy of individual agents by the constant relative risk aversion (CRRA) utility functions. The objective of this paper is to try to provide the plausible risk aversion parameter of individual households under this assumption. I argue that the risk aversion of an individual investor may be significantly larger than is...

Human attitude towards risk is mixed. However, looking at the persuasive argument of diminishing marginal utility of wealth, academia has adopted risk aversion as the norm. Inculcating risk aversion, expected utility hypothesis (EUH) is used to rank risky options. ‘Allais paradox’ contradicted EUH but promoted the conviction of risk aversion intuitively on the basis of certainty effect. Most of...

The aim of this study is to examine the equity premium puzzle in Iran for the quarterly period of 1993-2016. In this regard, the hybrid bivariate Garch model and also fuzzy dummy variables with consumption capital asset pricing model (C-CAPM) have been used. The results of study show that using C-CAPM within fuzzy dummy variables (CCAPM-F), the relative risk aversion coefficient of investor is ...

BACKGROUND Emerging data from younger and middle-aged persons suggest that cognitive ability is negatively associated with risk aversion, but this association has not been studied among older persons who are at high risk of experiencing loss of cognitive function. METHODS Using data from 369 community-dwelling older persons without dementia from the Rush Memory and Aging Project, an ongoing l...