Rm. #1111 on the 11th floor, Building #11, Waseda University<\/a><\/p>\n\u4e3b\u3000\u65e8 \/ Outline<\/h5>\n
“Optimal Effort in a Two-Period Model”<\/p>\n
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
\u30d7\u30ed\u30b0\u30e9\u30e0 \/ Schedule<\/h5>\n
13:00\uff5e13:05 Opening Remarks \uff08MIYAJIMA,\u00a0Hideaki (Advisor, WIAS \/ Professor, Waseda University)\uff09
\n13:05\uff5e14:05 Presentation
\n14:05\uff5e14:25 Question-and-answer session
\n14:25\uff5e14:30 Concluding Remarks\uff08MIYAJIMA,\u00a0Hideaki \uff09<\/p>\n
\u5bfe\u3000\u8c61 \/ Prospected Audience<\/h5>\n
Faculty and staff members of a university, grad students, undergraduates, the general public<\/p>\n
\u4e3b\u3000\u50ac \/ Organizer<\/h5>\n
Research Institute of Business Administration, Waseda University
\nWaseda Institute for Advanced Study, Waseda University<\/p>\n
\u7533\u8fbc\u307f \/ Registration<\/h5>\n
Free of charge. Please come to the event venue directly.<\/p>\n","protected":false},"excerpt":{"rendered":"
Waseda Organizational and Financial Economics Seminar: “Optimal Effort in a Two-Period Model” (May […]<\/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":[95],"tags":[82,94,73],"class_list":["post-6232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-events-en","tag-general-en","tag-research-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6232","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=6232"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/posts\/6232\/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=6232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/categories?post=6232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/wias\/wp-json\/wp\/v2\/tags?post=6232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}