Are more risk averse agents more optimistic? Insights from a rational expectations model

被引：5

作者：

Jouini, Elyes ^{[1
,2
]}

Napp, Clotilde ^{[3
,4
]}

机构：

[1] Univ Paris 09, CEREMADE, F-75775 Paris 16, France

[2] Inst Univ France, F-75775 Paris, France

[3] Univ Paris 09, CNRS, DRM, F-75775 Paris 16, France

[4] CREST, F-75775 Paris 16, France

来源：

ECONOMICS LETTERS | 2008年 / 101卷 / 01期

关键词：

optimism; risk aversion; rational expectations; heterogenous beliefs;

D O I：

10.1016/j.econlet.2008.06.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We analyse a model of partially revealing, rational expectations equilibrium with diverse information. endogenous beliefs formation and uncertain distribution of risk aversion. More risk averse agents are then more optimistic. Such a positive correlation is important for collective decision analysis. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：73 / 76

页数：4

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