Generalized Disappointment Aversion and Asset Prices
收藏NBER2003-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10107
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资源简介：
We provide an axiomatic model of preferences over atemporal risks that generalizes Gul (1991) A Theory of Disappointment Aversion' by allowing risk aversion to be first order' at locations in the state space that do not correspond to certainty. Since the lotteries being valued by an agent in an
提供机构：
美国国家经济研究局
创建时间：
2003-11-01
