𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Are more risk averse agents more optimistic? Insights from a rational expectations model

✍ Scribed by Elyès Jouini; Clotilde Napp


Book ID
116422065
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
179 KB
Volume
101
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Are risk-averse agents more optimistic?
✍ Selima Ben Mansour; Elyès Jouini; Jean-Michel Marin; Clotilde Napp; Christian Ro 📂 Article 📅 2008 🏛 John Wiley and Sons 🌐 English ⚖ 344 KB

## Abstract Our aim is to analyze the link between optimism and risk aversion in a subjective expected utility setting and to estimate the average level of optimism when weighted by risk tolerance. Its estimation leads to a non‐trivial statistical problem. We start from a large lottery survey (1536