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Found 2 essays matching the above criteria.
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1. Sudden Death Aversion: Does It Exist and Can Something Be Done About It?
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : This thesis investigates a bias termed sudden death aversion, focusing on the existence of the bias and dealing with the problems it causes. Sudden death aversion is defined as the tendency to avoid options which include a higher likelihood of immediate loss, e.g. READ MORE
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2. Risk Attitudes and the Equity Premium Puzzle: empirical tests in a cross-country setting
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study utilises panel data, Equity Home Bias measurements and a two-stage estimation process incorporating one version of the international CAPM to extract comparable input data and test country-scores for risk preferences, risk aversion and time discounting as well as country scores on broader cultural dimensions, on country-estimates of the Equity Risk Premia. The risk attitude scores, which just recently have been made available, are such that they may proxy for irrational behaviours which have been theorized to explain the Equity Premium Puzzle, and enable a rigorous way to empirically test such an effect. READ MORE
