Blar i NHH Brage på emneord "expected utility"

Viser treff 1-6 av 6

    • An evasive topic: theorizing about the hidden economy 

      Sandmo, Agnar (Journal article; Peer reviewed, 2012)
      This paper reviews some central issues that arise in theorizing about tax evasion decisions and the hidden economy. It starts from the Allingham-Sandmo (1972) modelling of the tax evasion decision as a choice under ...

    • Is there a development gap in rationality? 

      Cappelen, Alexander W.; Kariv, Shachar; Sørensen, Erik Ø.; Tungodden, Bertil (Discussion paper;8/2014, Working paper, 2014-03)
      We report an experimental test of the four touchstones of rationality in choice under risk – utility maximization, stochastic dominance, expected-utility maximization and small-stakes risk neutrality – with students from ...

    • Optimal spending of a wealth fund in the discrete time life cycle model 

      Aase, Knut K. (Discussion paper;7/23, Working paper, 2023-06-09)
      The paper analyses optimal spending of an endowment fund. We use the life cycle model for both expected utility and recursive utility in discrete time. First we find the optimal consumption and investment policies for both ...

    • The optimal spending rate versus the expected real return of a sovereign wealth fund 

      Aase, Knut K.; Bjerksund, Petter (Discussion paper;1/21, Working paper, 2021-02-04)
      We consider a sovereign wealth fund that invests broadly in the international financial markets. The influx to the fund has stopped. We adopt the life cycle model and demonstrate that the optimal spending rate from the ...

    • The St. Petersburg Paradox 

      Aase, Knut K. (Discussion paper, Working paper, 1998-09)
      The classical St. Petersburg Paradox is discussed in terms of doubling strategies. It is claimed that what was originally thought of as a "paradox" can hardly be considered as very surprising today, but viewed in terms of ...

    • The optimal extraction rate versus the expected real return of a sovereign wealth fund: Some simulations 

      Aase, Knut K.; Bjerksund, Petter (Discussion paper;7/19, Working paper, 2019-09-06)
      With reference to funds established for the benefits of the public at large, a university endowment, or other similar sovereign wealth fund, we demonstrate that the optimal extraction rate from the fund is significantly ...