Journal article

The ecology of risk taking

  • Degeorge, François Istituto di finanza (IFin), Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
  • Moselle, Boaz Ofgem, London, UK
  • Zeckhauser, Richard Kennedy School of Government, Harvard University, USA
Published in:
  • Journal of Risk and Uncertainty. - 2004, vol. 28, no. 195-228
English We analyze the risk level chosen by agents who have private information regarding their quality. We show that even risk-neutral agents will choose risk strategically to enhance their reputation in the market, and that such choices will be influenced by the mix of other agents’ types. Assuming that the market has no strong prior about whether the agents are good or bad, good agents will choose... Show more…
  • English
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  • RERO DOC 5447
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