Seminarios
Seminario FEN "Revisitando la Aversión al Riesgo y Emprendimiento"
El seminario se llevará a cabo este viernes 28 de agosto a las 13:00 hrs en la sala 1605 de la torre. Para confirmar almuerzo, favor de escribirle a Pamela Fuentes a más tardar el jueves a las 13:00 hrs al correo pamela.fuentes@econ.uchile.cl.
Quienes quieran inscribir presentaciones para futuras sesiones, favor de escribir a damian.vergara.d@gmail.com.
We contend Newman (2007)´s main conclusion by showing that the convexity assumption about h=(1/(u′)) - which is the key assumption for the principal result in his paper - does not guarantee Decreasing Absolute Risk Aversion (DARA). This assumption also allows for the possibility of Imprudence behavior (u′′′<0) and Increasing Absolute Risk Aversion (IARA) preferences. We argue that, in order to guarantee DARA and Prudence, h must be concave, and in this case, the entrepreneur ends up wealthier than the worker, as the risk-based theory of entrepreneurship predicts, contradicting Newman´s main result.
Datos del Seminario
28 de Agosto, 2015 | 13:00 hrs.
Fecha de término
28 de Agosto, 2015 | 14:00 hrs.
Contenidos Relacionados
Eventos Seminario: "Measuring pairwise relations in linear social interactions models"
Eventos Seminario: ""Peer Effects in After-School Programs. Experimental evidence in El Salvador""
Eventos Seminario: "Collective action in networks: evidence from the Chilean student movement"
Eventos Seminario: "Credit Guarantees and New Banking Relationships"
Eventos Seminario: "Inestabilidad Política y Crédito Privado en Lima, Perú, 1835-65"
Eventos Seminario: "The efficiency case for transit subsidies in the presence of a ‘soft’ budget constraint"
