## Abstract This article examines the effect of disappointment aversion on futures hedging. We incorporated a constantโabsoluteโriskโaversion (CARA) utility function into the disappointmentโaversion framework of Gul (1991). It is shown that a more disappointmentโaverse hedger will choose an optimal
โฆ LIBER โฆ
Entrepreneurship and Risk Aversion
โ Scribed by Kamhon Kan; Wei-Der Tsai
- Publisher
- Springer US
- Year
- 2006
- Tongue
- English
- Weight
- 297 KB
- Volume
- 26
- Category
- Article
- ISSN
- 0921-898X
No coin nor oath required. For personal study only.
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