نتایج جستجو برای: risk averse behavior
تعداد نتایج: 1513126 فیلتر نتایج به سال:
Is corporate control effective when managers face investment timing decisions in incomplete markets?
This paper presents a model of investment timing by risk averse managers facing incomplete markets and corporate control. Managers are exposed to idiosyncratic risks due to the dependence of their compensation on investment payoffs which are not spanned by other assets. We show that risk averse managers invest earlier than welldiversified shareholders would prefer, leading to significant agency...
the most commonly used utility functional forms are reviewed and their properties compared. then, using data collected from west azarbaijan province, utility functions are estimated and absolute risk aversion coefficients measured. exponential and expopower utility functions classified all farmers as risk averse, but quadratic and cubic utility functions classified 75% and 65% of farmers as...
Decisions involving charitable giving often occur under the shadow of risk. A common finding is that potential donors give less when there is greater risk that their donation will have less impact. While this behavior could be fully rationalized by standard economic models, this paper shows that an additional mechanism is relevant: the use of risk as an excuse not to give. In a laboratory study...
In a simple simulated experiment we compare the risk perception and risk taking of participants to the concept of coherent risk measures. Using a sample of 50 participants the aim of our preliminary research is to test the defined experimental environment and define the further directions of its development. Using simulated financial positive homogeneity, subadditivity and monotonicity are perc...
نمودار تعداد نتایج جستجو در هر سال
با کلیک روی نمودار نتایج را به سال انتشار فیلتر کنید