Time, risk and utility: a role-play analysis
Paola Ferretti ()
Game Theory and Information from University Library of Munich, Germany
This paper defines temporal risk aversion in the context of a simple choice framework: that of time varying utility of wealth. The attention is focused on a decision maker who acts as a buyer: temporal risk premium, instantaneous risk premium and time preference premium are defined.
Keywords: temporal utility; buyer-seller viewpoints; temporal risk premium; instantaneous risk premium; time preference premium. (search for similar items in EconPapers)
JEL-codes: C7 D8 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
Note: Type of Document - pdf; pages: 8
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:0511010
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