Risk Aversion and the Value of Risk to Life
β Scribed by Antoine Bommier; Bertrand Villeneuve
- Book ID
- 109158671
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 756 KB
- Volume
- 79
- Category
- Article
- ISSN
- 0022-4367
No coin nor oath required. For personal study only.
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## Abstract Much research has shown that cognitive processes are largely guided by individuals' states of mind (Mancini & Gangemi, 2002a, in press; Smeets, de Jong, & Mayer, 2000). In this paper, we specifically consider a state of mind characterized by guilt for having acted irresponsibly. This st
Economic decision making under uncertainty is universally characterized by aversion to risk. One of the most basic concepts in economic theory, risk aversion is usually explained by the concavity of the utility function, which, in turn, is based on a person's satiability for wealth. I use genetic al