https://www.academia.edu/126538876/Risk_aversion_and_optimal_management_of_an_uneven_aged_forest_under_risk_of_windthrow_A_Markov_decision_process_approach
Forests are increasingly threatened by windthrows but those composed of uneven-aged stand plots are generally less impacted by their effects. As a consequence,...
risk aversionpdfoptimalmanagementaged
https://www.frbsf.org/research-and-insights/publications/working-papers/2013/09/risk-aversion-risk-premia-and-the-labor-margin-with-generalized-recursive-preferences/
A flexible labor margin allows households to absorb shocks to asset values with changes in hours worked as well as changes in consumption. This ability to...
risk aversionpremialabormargingeneralized