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The impact of risk aversion and ambiguity aversion on annuity and saving choices |
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| Authors: | André Eric Bommier Antoine Le Grand François |
| Institution: | 1.emlyon business school, 23 avenue Guy de Collongue, CS 40203, 69134, Écully Cedex, France ;2.ETH Zurich, Zürichbergstrasse 18, 8092, Zurich, Switzerland ; |
| Abstract: | Journal of Risk and Uncertainty - We analyze the impact of risk aversion and ambiguity aversion on the competing demands for annuities and bequeathable savings using a lifecycle recursive utility... |
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