教育部人文社科重点研究基地中央财经大学中国精算研究院学术活动

精算论坛第201期讲座

(2022年7月1日9：00-10:30)

讲座题目：Precautionary motives with multiple instruments

报告摘要：We use a unified approach to show how precautionary saving, self-protection and self-insurance are jointly determined by risk preferences and the preference over the timing of uncertainty resolution. We examine higher-order risk effects and analyze risk averters and risk lovers. When decision-makers use several instruments simultaneously, substitutive interaction effects arise. We quantify precautionary and substitution effects and discuss the role of instrument interaction for the inference of preference parameters from precautionary choices. Instruments differ substantially in the size of the precautionary motive and the susceptibility to substitution effects. This affects their suitability for the identification of precautionary preferences.(This is a joint work with Christoph Heinzel)

报告人：Richard Peter is an Associate Professor of Finance at the Tippie College of Business, University of Iowa. Peter received his Ph.D. in business from Ludwig Maximilian University in Munich in 2013. His research interests include decision-making under risk and uncertainty and how it improves our understanding of risk management and insurance behavior. He uses mainly applied microeconomic theory to answer descriptive and normative questions in risk and insurance economics. He has worked on topics such as genetic testing, prevention and precaution, saving over the life cycle, and the link between preferences, uncertainty and behavior. His work has appeared in Management Science, Operations Research, Journal of Health Economics, Journal of Risk and Uncertainty and The Journal of Risk and Insurance, among others.

讲座时间：2022年7月1日（星期五）9：00-10：30

报告地点：https://uiowa.zoom.us/j/92619977351（Zoom）

邀请人：池义春