Coexistence, Unity, Professionalism and Prudence

Prudence with Multiplicative Risk

Cognitive Modes Explaning Feeling of Coexistence and Unity in HyperMirror Communication

HyperMirror is a video communication system in which all participants watch images that display all of them together, which are prepared by superimposing mirror reflections of the participants. Users feel physically together with people displayed next on a HyperMirror image, but synthesizing images is not enough for them to acquire the feeling of coexistence and unity. This paper describes the ...

On multivariate prudence

In this paper we extend the theory of precautionary saving to the case in which uncertainty is multidimensional and we develop a matrix-measure of multivariate prudence. Furthermore, we characterize comparative prudence, decreasing and increasing prudence, the e¤ect of uncertainty on the marginal propensity to consume out of wealth, and the Drèze-Modigliani substitution e¤ect in this multivaria...

Prudence, Emotional State, Personality, and Cognitive Ability

We report an experiment to consider the emotional correlates of prudent decision making. In the experiment, we present subjects with lotteries and measure their emotional response with facial recognition software. They then make binary choices between risky lotteries that distinguish prudent from imprudent individuals. They also perform tasks to measure their cognitive ability and a number of p...

Relationships between Risk Aversion , Prudence , and Cautiousness

In this paper we investigate the relationships between prudence, risk aversion, and cautiousness. These three measures explain investors’ investment decisions in the money market, stock market, and option market respectively. Thus to understand how investors’ investment decisions in the three markets are related it is important to know the relationships between the three measures. We show that ...