aging) suggests that preference for smoothing (and perhaps risk-aversion
) might also arise endogenously and testable restrictions--across species, across time, or across genders--among time preference, aging, and risk-aversion
could be analyzed in a simple framework.
Similarly, the yen, another barometer for risk-aversion
, peaked against the dollar around 11:30 am before dropping 27.
Last week was marked by the failure of the bailout plan for the 'Big Three' US automakers to pass US Senate approval, which increased the already high levels of risk-aversion
in the currency markets.
Unfortunately for its shareholders, LTCM chose this exposure just as financial market uncertainty and investor risk-aversion
began to rise rapidly around the world.
With these types of changes, the distressing tendency toward risk-aversion
that is occurring in the management of long-term care facilities nationwide could be reversed.
However up until now, cost and risk-aversion
have been major technology investment deterrents.
Investors' appetite for Japanese government bonds remained strong amid global risk-aversion
and the yield, which moves inversely to price, will likely continue to decline for the time being, said an official at a foreign brokerage in Tokyo.
The yen continued to remain strong as a wave of risk-aversion
swept the global markets.
As absolute risk aversion decreases with wealth, a higher level of endowed wealth raises the wealth level in every loss state reduces the risk-aversion
attitude of the individual and hence lowers the individual's demand for insurance coverage.
1) Barillas, Hansen, and Sargent (2007) show that by interpreting [gamma] as measuring fear of model misspecification rather than risk-aversion
, a moderate fear of model misspecification can do most of the job of the large risk-aversion
parameters of Tallarini (2000) and Bansal and Yaron (2004) in explaining the equity premium.
Even with that risk-aversion
the model portfolio has returned 85% since January 1.
Solid closings at European markets also facilitated buying by easing risk-aversion
among investors, they said.