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Economic and Financial Decisions under Risk Louis Eeckhoudt, Christian Gollier, Harris Schlesinger
Publisher: Princeton University Press

Faculties / Institutes: The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics. In the present study, we examined the effects of aging on decisions in two domains of uncertainty: risk and ambiguity. Older adults have to face many situations that require consequential financial decisions. Under the mean-variance framework, the most appealing portfolios are those offering the highest expected return for a given level of risk. Over the years, the finance field has experienced paradigm shifts. Von Neumann and Morgenstern pioneered the use. New behavioral finance theory seeks to explain people's economic decisions by combining behavioral and cognitive psychological theory with conventional economics and finance. Tags:Economic and financial decisions under risk, tutorials, pdf, djvu, chm, epub, ebook, book, torrent, downloads, rapidshare, filesonic, hotfile, fileserve. Becomes more and more important to understand how aging affects decision making. Richard However, Richard does admit,.