Risk Perception in the Short Run and in the Long Run

There is an ongoing controversy in financial economics regarding the role of time horizon in portfolio selection. This problem is relevant in a broader context, wherever consumers or managers make decisions that involve both time and risk. The purpose of this paper is to review recent findings from...

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Veröffentlicht in:Marketing letters 1999-08, Vol.10 (3), p.267-283
Hauptverfasser: Baz, Jamil, Briys, Eric, Bronnenberg, Bart J., Cohen, Michèle, Kast, Robert, Viala, Pascale, Wathieu, Luc, Weber, Martin, Wertenbroch, Klaus
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container_end_page 283
container_issue 3
container_start_page 267
container_title Marketing letters
container_volume 10
creator Baz, Jamil
Briys, Eric
Bronnenberg, Bart J.
Cohen, Michèle
Kast, Robert
Viala, Pascale
Wathieu, Luc
Weber, Martin
Wertenbroch, Klaus
description There is an ongoing controversy in financial economics regarding the role of time horizon in portfolio selection. This problem is relevant in a broader context, wherever consumers or managers make decisions that involve both time and risk. The purpose of this paper is to review recent findings from the decision making literature so as to shed new light on how the short run vs. long run contingency may determine risk taking and perception.
doi_str_mv 10.1023/A:1008193420722
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source SpringerLink Journals; Business Source Complete; Jstor Complete Legacy
subjects Ambiguity
Betting
Decision making
Decision theory
Economic uncertainty
Expected utility
Investment horizon
Investment risk
Lotteries
Marketing
Perception
Perceptions
Portfolio management
Probability
Random variables
Risk
Risk aversion
Risk aversion preference
Studies
Uncertainty
Utility functions
title Risk Perception in the Short Run and in the Long Run
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