Centro de Documentacion de Fundación MAPFRE - Comparative ambiguity aversion in intertemporal decisions

Notes: Resumen: This article examines the effects of ambiguity aversion on intertemporal decisions when there is ambiguity about a future state. Compared to the existing literature, we allow for a three-way separation between intertemporal substitution, risk aversion, and ambiguity aversion. Holding risk preferences, beliefs, and time preferences fixed, we explore how a change in ambiguity aversion increases the strength of the current willingness to pay. We apply our results to saving, self-protection, and self-insurance problems.Related records: En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 02/03/2020 Volumen 87 Número 1 - marzo 2020 , p. 195-212Materia / lugar / evento: Matemática del seguro Cálculo actuarial Gerencia de riesgos Análisis de riesgos Incertidumbre Autoprotección Autoseguro Otros autores: Li, Jingyuan
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