Showing econ.THShow all
2 papers · 1 filter
econ.TH2026
Recursive Preferences and Ambiguity Attitudes
Massimo Marinacci, Giulio Principi, Lorenzo Stanca
Monotonicity and recursivity are central assumptions in intertemporal consumption problems under ambiguity. We show that monotone recursive preferences admit both a recursive and a…
econ.TH2025
Risk Aversion and Insurance Propensity
Fabio Maccheroni, Massimo Marinacci, Ruodu Wang +1
We provide a new foundation of risk aversion by showing that this attitude is fully captured by the propensity to seize insurance opportunities. Our foundation, which applies to al…