From gloom to doom: Financial loss and negative affect prime risk averse preferences

Gloom, Doom, and Inequality

mics, policy makers, and even politicians that poverty and inequality should no longer be treated as soft “social issues” that can safely be subordinated to more fundamental interests in maximizing total economic output. The most important sources of this newfound concern with poverty and inequality are (1) the spectacular increase in economic inequality and other forms of disadvantage in many ...

Cosmology , Doom , and Gloom

Dynamism Gloom and Doom?

1 This work is supported in part by AFOSR (F49620-98-1-0217) and NSF (CCR-9988320). Abstract. In the areas of application integration, mobility, and agent technology, dynamism is an increasingly desirable quality. However, deploying dynamism is problematic due to constraints on and limitations of the applications and middleware used in such distributed systems. In order to realize dynamism in t...

Discrete-Time Financial Planning Models Under Loss-Averse Preferences

We consider a dynamic asset allocation problem formulated as a mean-shortfall model in discrete time. A characterization of the solution is derived analytically under general distributional assumptions for serially independent risky returns. The solution displays risk taking under shortfall, as well as a specific form of time diversification. Also, for a representative stock-return distribution...

Psychosocial occupational therapy: time to cast off the gloom and doom.

For almost twO decades now the alarm has been sounded for the impending doom of psychosocial occupational therapy. The warnings have been heard bmh in the United States (Bonder, 1987; Scon, 1990) and in Canada (Brinrnell, 1989; MacKinnon, 1985). Decreasing starus and declining numbers in psychosocial occupation;)1 therapy <Ire of gre<lt concern to everyone in the profession. Various reasons can...