Changing risks and optimal effort

Abstract : Consider a decision maker who can engage in effort to increase the probability of facing a better risky situation. Intuition suggests that effort should increase when there is a greater difference between the best risky situation and the worse one. We show that this intuition is not necessarily valid and we consider the cases of risk averters and risk lovers.
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Article dans une revue
Journal of Economic Behavior and Organization, Elsevier, 2016, 125, pp.97--106. 〈10.1016/j.jebo.2016.01.009〉
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Contributeur : Romain Boisselet <>
Soumis le : mardi 6 juin 2017 - 15:43:56
Dernière modification le : vendredi 26 octobre 2018 - 13:28:02

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David Crainich, Louis Eeckhoudt, Mario Menegatti. Changing risks and optimal effort. Journal of Economic Behavior and Organization, Elsevier, 2016, 125, pp.97--106. 〈10.1016/j.jebo.2016.01.009〉. 〈hal-01533522〉

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