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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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Attitudes Toward Risk Among Peasants: An Econometric Approach
Edgardo Moscardi,Alain de Janvry +1 more
TL;DR: In this paper, the authors derived attitudes toward risk among peasants in Puebla, Mexico, from survey data in a model of safety-first behavior, and the measurements of behavior toward risk obtained are then explained by a set of socioeconomic and structural variables that characterize peasant households.
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Relative risk aversion.
James S. Dyer,Rakesh K. Sarin +1 more
TL;DR: An individual's preference for risky alternatives is influenced by the strength of preference he feels for the consequences and his attitude toward risk taking as mentioned in this paper, which is a measure of risk attitu...
Journal ArticleDOI
The enforcement of commercial contracts in Ghana
TL;DR: In this paper, a case study of enterprise finance and contract enforcement in Ghana is presented based on a World Bank case study conducted in January 1993, where the authors emphasized the relationship between the need for contractual flexibility, trust, and reputation.
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Portfolio Selection with Higher Moments
TL;DR: This work proposes a method for optimal portfolio selection using a Bayesian decision theoretic framework that addresses two major shortcomings of the traditional Markowitz approach: the ability to handle higher moments and parameter uncertainty, and employs the skew normal distribution.
Posted Content
Selection on Moral Hazard in Health Insurance
Liran Einav,Liran Einav,Amy Finkelstein,Amy Finkelstein,Stephen P. Ryan,Stephen P. Ryan,Paul Schrimpf,Paul Schrimpf,Mark R. Cullen +8 more
TL;DR: It is shown that, at least in this context, abstracting from selection on moral hazard could lead to over-estimates of the spending reduction associated with introducing a high-deductible health insurance option.