6533b852fe1ef96bd12aab1e

RESEARCH PRODUCT

A note on risk aversion and learning behavior

Amparo UrbanoDolores Alepuz

subject

MicroeconomicsEconomics and EconometricsEx-anteFinancial economicsRisk aversionEconomicsFinancePreferenceLearning behavior

description

Abstract This paper analyzes the learning behavior of a risk-averse agent. We find two conflicting effects in the experimental behavior: a stronger preference for the ex post reduction in uncertainty, but ex ante the returns to information are more uncertain.

https://doi.org/10.1016/0165-1765(94)00645-i