In this paper we propose benchmark values for the coefficients of relative risk aversion and relative prudence on the basis of a binary choice model where the decision maker chooses between aggregating or disaggragating multiplicative risks. We relate our results to the decison maker’s willingness to trade-off the second with the first and the third (central) moment of his wealth distribution.

This Article examines what natural law is and how it should be used as an approach for lawyers. The article first describes that the theory of natural law and positive law is to attain the goal of effecting the common good. Daniel Degnan considers cases from his experience as a law school dean and how the counselors in those cases made good use of a natural law approach. Although the lawyers in...

Bacterial populations frequently act as a collective by secreting a wide range of compounds necessary for cell-cell communication, host colonization and virulence. How such behaviours avoid exploitation by spontaneous 'cheater' mutants that use but do not contribute to secretions remains unclear. We investigate this question using Pseudomonas aeruginosa swarming, a collective surface motility r...

This research aims to analyse and get an empirical evidence on the effect of life cycle accounting prudence with litigation risk as moderating variable. study adds variable a moderation variable, because can cause significant decrease in value company will bear large burden demands from risk.The population this includes 105 financial companies listed Indonesia Stock Exchange 2011-2021. The samp...