Article ID Journal Published Year Pages File Type
5061715 Economics Letters 2008 4 Pages PDF
Abstract
We analyse a model of partially revealing, rational expectations equilibrium with diverse information, endogenous beliefs formation and uncertain distribution of risk aversion. More risk averse agents are then more optimistic. Such a positive correlation is important for collective decision analysis.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Are more risk averse agents more optimistic? Insights from a rational expectations model
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