Taxation and Risk-Taking: An Expected Utility Approach

Economica ◽  
1968 ◽  
Vol 35 (137) ◽  
pp. 74 ◽  
Author(s):  
Jan Mossin
Keyword(s):  
Expected Utility ◽  
Risk Taking ◽  
Utility Approach

Collective Rebellious Behavior: An Expected Utility Approach of Behavioral Motivations

1992 ◽  
Vol 13 (3) ◽  
pp. 379 ◽  
Author(s):  
Dipak K. Gupta ◽  
Harinder Singh
Keyword(s):  
Expected Utility ◽  
Utility Approach

Climate Change and Individual Obligations

2021 ◽  
pp. 201-221
Author(s):  
Julia Nefsky
Keyword(s):  
Climate Change ◽  
Expected Utility ◽  
General Feature ◽  
Collective Impact ◽  
Utility Approach

This chapter concerns the nature of our obligations as individuals when it comes to our emissions-producing activities and climate change. The first half of the chapter argues that the popular ‘expected utility’ approach to this question faces a problematic dilemma: either it gives skeptical verdicts, saying that there are no individual emissions-related obligations, or it yields implausibly strong verdicts. The second half of the chapter diagnoses the problem. It argues that the dilemma arises from a very general feature of the view, and thus is shared by other views as well. It then discusses what an account of our individual obligations needs to look like if it is to avoid the dilemma. Finally, the discussion is extended beyond climate change to other collective impact contexts.

scholarly journals Behavioural factors in the financial decisions of young Mozambicans

2015 ◽  
Vol 46 (4) ◽  
pp. 11-22 ◽  
Author(s):  
J. H. Mota ◽  
A. C. Moreira ◽  
A. J. Cossa
Keyword(s):  
Expected Utility ◽  
Risk Taking ◽  
Standard Theory ◽  
Risk Averse ◽  
Rational Thinking ◽  
Behavioural Finance ◽  
Financial Decisions ◽  
The Future ◽  
Behavioural Factors ◽  
Finance Theory

This paper seeks to analyse how behavioural factors influence the financial decisions of young Mozambican investors. The standard theory of finance assumes investors make rational financial decisions, seeking to minimise risk and maximise their expected utility. However, several studies have been conducted criticizing the assumption that investors are rational, opening the way to behavioural finance theory. According to the behavioural finance approach, financial decisions made by individuals are not based on rational thinking and their risk taking behaviour depends on their beliefs or feelings. Our analysis reveals that young Mozambicans are risk averse towards certain gains and risk lovers when faced with certain losses; they are excessively optimistic about the future; they use the information available as an anchor for their estimates; and they are so overconfident that they believe estimates in uncertain situations to be more accurate than they really are.

scholarly journals A rationalist explanation of Russian risk-taking

2016 ◽  
Vol 11 (1) ◽  
Author(s):  
Frank Lehrbass ◽  
Valentin Weinhold
Keyword(s):  
Utility Function ◽  
Expected Utility ◽  
Risk Taking ◽  
Utility Maximization ◽  
Strictly Convex ◽  
Forward Market ◽  
Expected Utility Maximization ◽  
Russian Politics ◽  
Open Position

Three seemingly unrelated topics of Russian politics are investigated. It is shown that under expected utility maximization the assumptions of an unbiased oil forward market and a risk-acceptant attitude (strictly convex utility function) are sufficient to explain Russia’s open position in oil and the bailout of Rosneft. The risk-acceptant attitude of the Russian leader also causes a shrunken bargaining range for the conflict in Ukraine, which can be enlarged by sanctions but not necessarily by the proliferation of weapons. This gives sanctions a clear edge over the proliferation of weapons.

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