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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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Non-life insurance consumption in Italy: a sub-regional panel data analysis
Giovanni Millo,Gaetano Carmeci +1 more
TL;DR: Insurance turns out to depend on income, wealth and some demographics, as already established, but also on trust, judicial efficiency and borrowing conditions, which helps in explaining the gap between Central-Northern Italy and the south of the country.
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Risk aversion and planning horizons
TL;DR: In this article, the additive separability of preferences is abandoned and interactions between consumptions at different dates are taken into account, and an interesting relation emerges between risk aversion and length of the planning horizon.
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Measuring Risk Preferences in Rural Ethiopia
Ferdinand M. Vieider,Abebe Damte Beyene,Randall Bluffstone,Sahan T. M. Dissanayake,Zenebe Gebreegziabher,Peter Martinsson,Alemu Mekonnen +6 more
TL;DR: This paper found that people in poorer countries are more risk tolerant, potentially giving people in richer countries a better chance of being exposed to terrorist attacks, and that risk aversion is generally found to decrease in income.
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The impact of risk-taking attitudes on a land use pattern: an agent-based model of residential development
TL;DR: An agent-based modeling experiment that tests different conceptions of risk-explicit decision making is reported upon, suggesting that an attitude toward risk may significantly influence landscape patterns.
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Some guiding principles for empirical production research in agriculture.
TL;DR: In this article, the authors examined the constraints on production economic research in three dimensions: problem focus, methodology, and data availability, and made a proprosal to address the data availability constraint.