Risky targets and effort

O. Chia Chuang; Louis Eeckhoudt; Rachel J. Huang; Larry Y. Tzeng

doi:10.1016/j.insmatheco.2013.02.004

Risky targets and effort

O. Chia Chuang, Louis Eeckhoudt, Rachel J. Huang, Larry Y. Tzeng

Department of Finance

Research output: Contribution to journal › Article › peer-review

11 Scopus citations

Abstract

When decision makers invest in effort to reach their targets, they face multiple sources of risk: first the risk of failure and second the noise that surrounds either the target or the initial situation. In this paper, we examine how effort is adjusted to account for changes in this risky environment.

Original language	English
Pages (from-to)	465-468
Number of pages	4
Journal	Insurance: Mathematics and Economics
Volume	52
Issue number	3
DOIs	https://doi.org/10.1016/j.insmatheco.2013.02.004
State	Published - May 2013

Keywords

Effort
Higher-order preferences
Increase in risk
Stochastic dominance

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10.1016/j.insmatheco.2013.02.004

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title = "Risky targets and effort",

abstract = "When decision makers invest in effort to reach their targets, they face multiple sources of risk: first the risk of failure and second the noise that surrounds either the target or the initial situation. In this paper, we examine how effort is adjusted to account for changes in this risky environment.",

keywords = "Effort, Higher-order preferences, Increase in risk, Stochastic dominance",

author = "Chuang, {O. Chia} and Louis Eeckhoudt and Huang, {Rachel J.} and Tzeng, {Larry Y.}",

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T1 - Risky targets and effort

AU - Chuang, O. Chia

AU - Eeckhoudt, Louis

AU - Huang, Rachel J.

AU - Tzeng, Larry Y.

PY - 2013/5

Y1 - 2013/5

N2 - When decision makers invest in effort to reach their targets, they face multiple sources of risk: first the risk of failure and second the noise that surrounds either the target or the initial situation. In this paper, we examine how effort is adjusted to account for changes in this risky environment.

AB - When decision makers invest in effort to reach their targets, they face multiple sources of risk: first the risk of failure and second the noise that surrounds either the target or the initial situation. In this paper, we examine how effort is adjusted to account for changes in this risky environment.

KW - Effort

KW - Higher-order preferences

KW - Increase in risk

KW - Stochastic dominance

UR - http://www.scopus.com/inward/record.url?scp=84875799688&partnerID=8YFLogxK

U2 - 10.1016/j.insmatheco.2013.02.004

DO - 10.1016/j.insmatheco.2013.02.004

M3 - 期刊論文

AN - SCOPUS:84875799688

SN - 0167-6687

VL - 52

SP - 465

EP - 468

JO - Insurance: Mathematics and Economics

JF - Insurance: Mathematics and Economics

IS - 3

ER -

Risky targets and effort

Abstract

Keywords

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