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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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Display Advertising Auctions with Arbitrage
TL;DR: Empirical evidence is provided based on bid data from Yahoo's Right Media Exchange suggesting that the mechanism with truthful bidding by the advertisers and truthful reporting of click predictions by arbitragers would increase revenue in practice, yielding increased revenue to the publisher.
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Attractive Compounds of Unattractive Investments and Gambles
TL;DR: The von Neumann-Morgenstern utility functions with the property that sufficiently long sequences of repetitions of any fair gamble are preferred to all finite wealth levels are characterized in this paper.
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Behavioral assumptions for a class of utility theories: A program of experiments
TL;DR: In this article, an outline is given of the behavioral properties (axioms) that have been proposed, and to some extent empirically evaluated, concerning uncertain (often risky) alternatives, the joint receipt of alternatives, and possible linking properties.
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Pesticide use, production risk and shocks. The case of rice producers in Vietnam.
César Salazar,John Rand +1 more
TL;DR: It is claimed that the relative importance of multiple uncertainties on pest and water is relevant to determine the risk property of pesticide, and is likely driving the increasing risk effect of pesticides.
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The Demand for a Risky Asset
D. Kira,William T. Ziemba +1 more
TL;DR: In this paper, the effect of changes in either initial wealth or one of the asset return distributions in two asset expected utility portfolio problems is investigated, and sufficient conditions are presented for first, second and third degree stochastic dominance shifts to yield increasing demand for the risky asset.