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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).

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A field experiment on the impact of weather shocks and insurance on risky investment

TL;DR: In this paper, the authors conducted a field experiment in rural Ethiopia to test the seminal hypothesis that insurance provision induces farmers to take greater, yet profitable, risks, and found that insurance has some positive effect on fertilizer purchases.
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Are “Market Neutral” Hedge Funds Really Market Neutral?

TL;DR: In this article, the authors focus on market neutrality depth, and propose different neutrality concepts: breadth and depth, which resects the number of market risks to which a hedge fund is neutral, while depth represents the completeness of the neutrality of the fund to market risks.
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Tax evasion and inequity

TL;DR: In this article, the role of risk aversion and its interaction with attitudes toward inequity, interaction with other tax evaders, and the means that each person has of influencing inequity are considered as determinants of individual tax compliance decisions.
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Lottery dependent utility

TL;DR: In this article, the authors propose a model for decision making under risk that is capable of predicting empirically observed preference patterns that have been found to be incompatible with the expected utility model.
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What Drives Capital Flows to Emerging Markets? A Survey of the Empirical Literature

TL;DR: In this article, a review of the empirical literature on the drivers of capital flows to emerging markets is presented, based on the recognition that the drivers vary over time and across different types of capital flow.