Risk aversion indivisible timing options and gambling

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12 References Henderson V and Hobson D (2014), “ Risk aversion, indivisible timing options, and gambling ”, Operations Research, 61, 126-137.

Publications and Preprints - University of Warwick Risk aversion, indivisible timing options, and gambling. Co-author: V. Henderson. Operations Research 61, Issue 1, 126-137, Jan-Feb 2013. Maximising functionals of the joint law of the maximum and terminal value in the Skorokhod embedding problem. Co-author: M. Klimmek. arXiv:1012.3909 Annals of Applied Probability Vol. 23, No. 5, p2020-2052 2013. Risk aversion - Wikipedia In economics and finance, risk aversion is the behavior of humans (especially consumers and investors), who, when exposed to uncertainty, attempt to lower that uncertainty.It is the hesitation of a person to agree to a situation with an unknown payoff rather than another situation with a more predictable payoff but possibly lower expected payoff.For example, a risk-averse investor might choose What is the Difference Between Gambling and Investing

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Risk Aversion, Indivisible Timing Options and Gambling - studylib.net Risk Aversion, Indivisible Timing Options and Gambling† Vicky Henderson‡ University of Oxford David Hobson§ University of Warwick May 20, 2011 Abstract In this paper we model the behavior of a risk averse agent who seeks to maximize expected utility and who has an indivisible asset and a timing option over when to sell this asset.

The subjective and objective evaluation of incentive stock ...

Utility Theory and Risk Aversion - CiteSeerX version for presentation at CEBR Conference on Measuring Risk and Time ... paper we examine utility functions inferred from observed choices under risk, and ..... women subjects on average are more risk averse in abstract gambling tasks in ...... preferences are assumed concave in income and increasing in an indivisible ... Estimating Preferences Toward Risk - FDIC

Utility of wealth with many indivisibilities - ideas.repec.org

search options like CTRL-F. Please do not hesitate to contact us if you have any ...... We investigate optimal pricing decisions of a monopolist in a continuous time ...... fraudulent products, especially among those who are risk-averse. ...... A seller wants to allocate an indivisible product among a number of potential buyers. Betting Boolean-Style: A Framework for Trading in ... - Duke University 31 Dec 2003 ... An Acme stock option as it would be defined on a financial exchange ... indivisible, meaning that bids must be fulfilled either completely or not at all. .... cult or time-consuming a particular problem will be to solve on a computer. .... solute risk aversion, agreement on Markov independencies is sufficient.

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CiteSeerX — Citation Query The subjective and objective evaluation of ... We calibrate the standard principal–agent model with constant relative risk aversion and lognormal stock prices to a sample of 598 U.S. CEOs. (PDF) Do People Disinvest Optimally? | John Hey and ... - academia.edu 11 References Henderson V and Hobson D (2014), “Risk aversion, indivisible timing options, and gambling”, Operations Research, 61, 126-137. Holt C A and Laury S K (2002), “Risk aversion and incentive effects”, American Economic Review, 92, 1644–1655. Musshoff O, Odening M, Schade C, Maart-Noelck S C and Sandri S (2013), “Inertia in disinvestment decisions: experimental evidence”, European Review of Agricultural Economics , 40, 463-485. Sandri S, Schade C, Mußhoff O and Odening ... Investment Timing Under Incomplete Information | Mathematics of ... Utility-Based Pricing, Timing and Hedging of an American Call Option Under an Incomplete Market with Partial Information 17 May 2013 | Computational Economics, Vol. 44, No. 1 Learning, pricing, timing and hedging of the option to invest for perpetual cash flows with idiosyncratic risk Vol. 61, No. 1, January-February 2013 of Operations Research on JSTOR