Tests of Hypotheses about Certainty Equivalents and Joint Receipt of Gambles

1995 ◽  
Vol 64 (3) ◽  
pp. 229-248 ◽  
Author(s):  
Younghee Cho ◽  
R.Duncan Luce
Keyword(s):  
Certainty Equivalents ◽  
Tests Of Hypotheses ◽  
Joint Receipt

A Fourier approach to the computation of conditional value-at-risk and optimized certainty equivalents

2014 ◽  
Vol 16 (6) ◽  
pp. 3-29 ◽  
Author(s):  
Samuel Drapeau ◽  
Michael Kupper ◽  
Antonis Papapantoleon
Keyword(s):  
At Risk ◽  
Value At Risk ◽  
Conditional Value At Risk ◽  
Certainty Equivalents

Eliciting Risk Preferences and Elasticity of Substitution

2020 ◽  
Vol 17 (4) ◽  
pp. 314-329
Author(s):  
Johan Burgaard ◽  
Mogens Steffensen
Keyword(s):  
Risk Aversion ◽  
Discount Rate ◽  
Predictive Power ◽  
Recursive Utility ◽  
Risk Averse ◽  
Indirect Utility ◽  
Consistent Estimation ◽  
On Certainty ◽  
Certainty Equivalents ◽  
Elasticity Of Intertemporal Substitution

Risk aversion and elasticity of intertemporal substitution (EIS) are separated via the celebrated recursive utility building on certainty equivalents of indirect utility. Based on an alternative separation method, we formulate a questionnaire for simultaneous and consistent estimation of risk aversion, subjective discount rate, and EIS. From a representative group of 1,153 respondents, we estimate parameters for these preferences and their variability within the population. Risk aversion and the subjective discount rate are found to be in the orders of 2 and 0, respectively, not diverging far away from results from other studies. Our estimate of EIS in the order of 10 is larger than often reported. Background variables like age and income have little predictive power for the three estimates. Only gender has a significant influence on risk aversion in the usually perceived direction that females are more risk-averse than males. Using individual estimates of preference parameters, we find covariance between preferences toward risk and EIS. We present the background reasoning on objectives, the questionnaire, a statistical analysis of the results, and economic interpretations of these, including relations to the literature.

Tests of Hypotheses for the Weighted Binomial Distribution

Biometrics ◽  
1990 ◽  
Vol 46 (3) ◽  
pp. 645 ◽  
Author(s):  
S. Kocherlakota ◽  
K. Kocherlakota
Keyword(s):  
Binomial Distribution ◽  
Tests Of Hypotheses

New Zealand translocations: theory and practice

1995 ◽  
Vol 2 (1) ◽  
pp. 39 ◽  
Author(s):  
Doug P. Armstong ◽  
Ian G. McLean
Keyword(s):  
Population Dynamics ◽  
New Zealand ◽  
Experimental Tests ◽  
Theory And Practice ◽  
Habitat Requirements ◽  
Metapopulation Dynamics ◽  
Behavioural Adaptation ◽  
New Locations ◽  
History Of ◽  
Tests Of Hypotheses

One of the most common tools in New Zealand conservation is to translocate species to new locations. There have now been over 400 translocations done for conservation reasons, mainly involving terrestrial birds. Most translocations have been done strictly as management exercises, with little or no reference to theory. Nevertheless, translocations always involve some underlying theory, given that people must inevitably choose among a range of potential translocation strategies. We review theory relevant to translocations in the following areas: habitat requirements, susceptibility to predation, behavioural adaptation, population dynamics, genetics, metapopulation dynamics, and community ecology. For each area we review and evaluate the models that seem to underpin translocation strategies used in New Zealand. We report experiments testing some of these models, but note that theory underlying translocation strategies is largely untested despite a long history of translocations. We conclude by suggesting key areas for research, both theoretical and empirical. We particularly recommend that translocations be designed as experimental tests of hypotheses whenever possible.

Tests of Hypotheses About the Parameters of the Logistic Function

Biometrika ◽  
1966 ◽  
Vol 53 (3/4) ◽  
pp. 535
Author(s):  
Shirley E. Hitchcock
Keyword(s):  
Logistic Function ◽  
Tests Of Hypotheses
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