{"id":6231,"date":"2019-04-24T10:00:29","date_gmt":"2019-04-24T01:00:29","guid":{"rendered":"https:\/\/www.waseda.jp\/inst\/wias\/?p=6231"},"modified":"2019-04-24T10:56:06","modified_gmt":"2019-04-24T01:56:06","slug":"__trashed-2-26","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/inst\/wias\/news\/2019\/04\/24\/6231\/","title":{"rendered":"Waseda Organizational and Financial Economics Seminar:  &#8220;Optimal Effort in a Two-Period Model&#8221; (5\/20)"},"content":{"rendered":"<h4>Waseda Organizational and Financial Economics Seminar:<br \/>\n&#8220;Optimal Effort in a Two-Period Model&#8221; (5\/20)<\/h4>\n<h5>\u8b1b\u6f14\u8005 \/ Speaker<\/h5>\n<p><a href=\"https:\/\/www.fbe.hku.hk\/people\/academic\/keith-k-p-wong\">WONG,\u00a0Keith<\/a> \uff08Professor, Faculty of Business and Economics,University of Hong Kong\uff09<\/p>\n<ul>\n<li><u>\u7814\u7a76\u5206\u91ce\u00a0 \u95a2\u5fc3\u9818\u57df<\/u><br \/>\nRisk Management, Corporate Finance, Real Options<\/li>\n<\/ul>\n<h5>\u65e5\u3000\u6642 \/ Date &amp; Time<\/h5>\n<p>2019\u5e745\u670820\u65e5\uff08\u6708\uff09 13:00\uff5e14:30<\/p>\n<h5>\u4f1a\u3000\u5834 \/ Venue<\/h5>\n<p><a href=\"https:\/\/www.waseda.jp\/top\/access\/waseda-campus\">\u65e9\u7a32\u7530\u5927\u5b66 \u65e9\u7a32\u7530\u30ad\u30e3\u30f3\u30d1\u30b9 11\u53f7\u9928 11\u968e 1111\u6559\u5ba4<\/a><\/p>\n<h5>\u4e3b\u3000\u65e8 \/ Outline<\/h5>\n<p>&#8220;Optimal Effort in a Two-Period Model&#8221;<\/p>\n<p style=\"text-align: justify;\">This paper develops a generic model of effort in two periods wherein an individual exerts effort in monetary terms in the first period so as to improve risk in the second period. We specify such a risk improvement by means of a linear combination of two fixed distributions that can be ranked via first-order stochastic dominance. When the two fixed distributions degenerate to singletons, our two-period model of effort reduces to the two-period model of self-protection. Within an intertemporal framework with Kreps-Porteus-Selden preferences, we examine the comparative statics of effort with respect to the prevalence of uncertainty and to increased risk aversion. We further examine the precautionary motive of saving in our two-period of effort wherein the uncertainty is endogenously determined by the choice of effort. Finally, we show that our results are consistent with recent experimental evidence about the negative relationship between prudence and self-protection regardless of the timing of loss.<\/p>\n<h5>\u30d7\u30ed\u30b0\u30e9\u30e0 \/ Schedule<\/h5>\n<p>13:00\uff5e13:05 \u958b\u4f1a\u306e\u6328\u62f6\uff08\u5bae\u5cf6 \u82f1\u662d \u65e9\u7a32\u7530\u5927\u5b66\u9ad8\u7b49\u7814\u7a76\u6240 \u9867\u554f \uff0f \u5546\u5b66\u5b66\u8853\u9662 \u6559\u6388\uff09<br \/>\n13:05\uff5e14:05 \u8b1b\u6f14<br \/>\n14:05\uff5e14:25 \u8cea\u7591\u5fdc\u7b54<br \/>\n14:25\uff5e14:30 \u9589\u4f1a\u306e\u6328\u62f6\uff08\u5bae\u5cf6 \u82f1\u662d\uff09<\/p>\n<h5>\u5bfe\u3000\u8c61 \/ Prospected Audience<\/h5>\n<p>\u5b66\u90e8\u751f\u30fb\u5927\u5b66\u9662\u751f\u30fb\u6559\u8077\u54e1\u30fb\u4e00\u822c<\/p>\n<h5>\u4e3b\u3000\u50ac \/ Organizer<\/h5>\n<p>\u65e9\u7a32\u7530\u5927\u5b66 \u7523\u696d\u7d4c\u55b6\u7814\u7a76\u6240<br \/>\n\u65e9\u7a32\u7530\u5927\u5b66 \u9ad8\u7b49\u7814\u7a76\u6240<\/p>\n<h5>\u7533\u8fbc\u307f \/ Registration<\/h5>\n<p>\u4e8b\u524d\u7533\u8fbc\u307f\u4e0d\u8981\u3067\u3059\u3002\u76f4\u63a5\u4f1a\u5834\u306b\u304a\u8d8a\u3057\u304f\u3060\u3055\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waseda Organizational and Financial Economics Seminar: &#8220;Optimal Effort in a Two-Period Model&#8221; (5\/2 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[24,26,28],"class_list":["post-6231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-events","tag-general","tag-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/comments?post=6231"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/media\/2762"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/media?parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/categories?post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/tags?post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}