English, Article, Journal or magazine article edition: On Bounded Rationality and Risk Aversion Markus K Brunnermeier

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/45454
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On Bounded Rationality and Risk Aversion
Author
  • Markus K Brunnermeier
Physical Description
  • preprint
Notes
  • This paper describes the relationship between bounded rationality and risk aversion. It shows athat bounded rationality increases risk aversion at the reference income level and that there exists an income level below the reference income level where bounded rationality reduces risk aversion and may lead to risks loving behaviour. These theoretical results are in line with previous experimental results. A boundedly rational decision maker is modelled as an agent who makes decision errors in choosing the optimal consumption bundle or does not know precisely his/​her own true preference ordering.
  • RePEc:fmg:fmgdps:dp255
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment