Consumption Commitments, Unemployment Durations, and Local Risk Aversion
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下载链接：
https://www.nber.org/papers/w10211
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资源简介：
Studies of risk preference have empirically established two regularities that are inconsistent with the canonical expected utility model: (1) risk aversion over small gambles greatly exceeds risk aversion over larger stakes and (2) insurance buyers play the lottery. This paper characterizes risk
提供机构：
美国国家经济研究局
创建时间：
2004-01-01
