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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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Risk Communication and Attitude Change: Taiwan's National Debate Over Nuclear Power
Jin-Tan Liu,V. Kerry Smith +1 more
TL;DR: The first analysis of the effects of a national risk-communication program that disseminated the facts about the risks associated with nuclear power plants is reported in this paper, which relies upon a unique set of circumstances in Taiwan.
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On Multiple Discount Rates
TL;DR: In this paper, the authors propose a theory of intertemporal choice that is robust to specific assumptions on the discount rate, where one class of models requires that one utility stream be chosen over another if and only if its discounted value is higher for all discount factors in a set.
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The coskewness puzzle.
Valerio Potì,Dengli Wang +1 more
TL;DR: In this paper, the authors propose an approach to test non-linear stochastic discount factor (SDF) specifications that arise in rational representative investor models and apply this framework to test the empirical admissibility of 3 and 4-moment versions of the CAPM.
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Limited Liability and the Development of the Business Corporation
TL;DR: The economic historian of the future may assign to the nameless inventor of the principle of limited liability, as applied to trading corporations, a place of honor with Watt and Stephenson, and other pioneers of the Industrial Revolution as discussed by the authors.
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Financial Market Integration: The Indian Experience
TL;DR: In this paper, the authors address some key issues regarding financial market integration and find that market integration is more prominent among markets, which are at comparable development stage, and market integration mostly lead by developed markets; and emerging markets are more vulnerable than the developed markets during times of distress.