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Essays in the theory of risk-bearing
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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
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Consumption-investment problems with transaction costs: Survey and open problems
TL;DR: A survey of problems and methods contained in various works on consumption-investment problems with transaction costs in continuous time, including those of optimal stopping, stochastic singular control, and stochastically impulse control is presented.
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The e Role of Farm Size and Resource Constraints in the Choice between Risky Technologies
TL;DR: The authors investigated the relationship between farm size and technology adoption by applying a model recently developed by Just and Zilberman to the choices of a sample of southeastern soybean farmers, and found that the empirical farm size-technology adoption relationship is consistent with risk aversion and a high covariance of returns between the old and new technologies.
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Enacting Actuarial Fairness in Insurance: From Fair Discrimination to Behaviour-based Fairness
Gert Meyers,Ine Van Hoyweghen +1 more
TL;DR: In line with developments in the personalisation of risk, the idea that insurance products should above all be "fair" to the policyholders is increasingly voiced by commentators as mentioned in this paper, and the performativity...
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Are People Risk Vulnerable
Mickael Beaud,Marc Willinger +1 more
TL;DR: This paper reports on a within-subject experiment, with substantial monetary incentives, designed to test whether or not people are risk vulnerable, and concludes that expected utility theory best fits the experimental data.
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Economics as a Postmodern Discourse
TL;DR: The postmodern moments of mainstream economics consist of the more "nihilistic, paradoxical, and parodic" connotations of the concepts of uncertainty and expectations, bounded rationality, disequilibrium, game theory, chaos, and catastrophe theory as discussed by the authors.