The American Economic Review, Volume 97American Economic Association., 2007 |
No interior do livro
Resultados 1-3 de 27
Página 1049
... risk is the gamble itself , this decreased risk aversion can be interpreted as an endowment effect for risk . When the ex ante expected uncertainty is very large , $ 100 cannot much change the extent to which money is eval- uated as a loss ...
... risk is the gamble itself , this decreased risk aversion can be interpreted as an endowment effect for risk . When the ex ante expected uncertainty is very large , $ 100 cannot much change the extent to which money is eval- uated as a loss ...
Página 1054
... aversion is that a person is approximately risk neutral in accepting a lottery that is " small " relative to the ... loss relative to G into the opposite , and there is little dimin- ishing sensitivity over its range . Hence , neither loss ...
... aversion is that a person is approximately risk neutral in accepting a lottery that is " small " relative to the ... loss relative to G into the opposite , and there is little dimin- ishing sensitivity over its range . Hence , neither loss ...
Página 1057
... losses , status quo prospect theory says both that loss aversion does not play a role , and that diminishing sensitivity pushes people toward not insuring . When it comes to insuring expected losses , our model reverses this prediction ...
... losses , status quo prospect theory says both that loss aversion does not play a role , and that diminishing sensitivity pushes people toward not insuring . When it comes to insuring expected losses , our model reverses this prediction ...
Índice
EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
Direitos de autor | |
8 outras secções não apresentadas
Outras edições - Ver tudo
Palavras e frases frequentes
agents aggregate American Economic Review analysis assets assume assumption average behavior benchmark Beveridge curve business cycles candidates capital changes choice coefficient cointegration consumer consumption contracts correlation cost of business countercyclical deductible degree distributions distribution durables effect empirical equation equilibrium estimated exchange expected Figure firms function given growth HIP model households implies impulse responses income increase individuals inflation inventory investment investment rate Journal of Economics labor market loss aversion marginal likelihood matching Matthew Rabin ment Michael Woodford monetary policy nodes nomic observed optimal output pairs paper parameters patients percent policy shock post.com preferences procyclical production Proposition random regime relative response risk aversion sample Section sector Shapley value side payments simulations sticky prices stochastic Table theory tion tradable unemployment utility variables variance volatility vouchers wage workers Yangzi Delta