The origin of risk aversion

The origin of risk aversion

Risk aversion is one of the most basic assumptions of economic behavior, but few studies have addressed the question of where risk preferences come from and why they differ from one individual to the next. Here, we propose an evolutionary explanation for the origin of risk aversion. In the context o...

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Bibliographic Details
Main Authors: Zhang, Ruixun (Contributor), Brennan, Thomas J. (Author), Lo, Andrew W. (Contributor)
Other Authors: Massachusetts Institute of Technology. Computer Science and Artificial Intelligence Laboratory (Contributor), Massachusetts Institute of Technology. Department of Mathematics (Contributor), Sloan School of Management (Contributor)
Format: Article
Language:English
Published: National Academy of Sciences (U.S.), 2015-06-15T17:32:46Z.
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