3 resultados para History of Risk

em Universidad del Rosario, Colombia


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Possession and property are two different sides of the same coin. The two institutions have the same axis: the benefit, mainly economic, of a good. In countries like Colombia and Peru, important reforms have been introduced whose main effect has been the following one: the approach to these two institutions. In this article we will speak of these two institutions, today more than ever, connected.

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On this article, the biography and work of one of the most influential scientists in psychology history is briefl y introduced. With his work, he laid the bases for the scientific study not only on personality, but also on human behaviour. Hence, the most important contributions done by this author are highlighted in a wide range of areas of our discipline, as well as the vision he had about how psychology should be as a science. A series of considerations related to the current situation of scientific psychology in Argentina, lead us to the conclusion that it is essential to rescue his work from forgetfulness, apart from going back over some of his lines of research and thoughts. 

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We offer a new explanation of partial risk sharing based on coalition formation and segmentation of society in a risky environment, without assuming limited commitment and imperfect information. Heterogenous individuals in a society freely choose with whom they will share risk. A partition belonging to the core of the membership game obtains. Perfect risk sharing does not necessarily arise. Focusing on mutual insurance rule and assuming that individuals only differ with respect to risk, we show that the core partition is homophily-based. The distribution of risk affects the number and size of these coalitions. Individuals may pay a lower risk premium in riskier societies. A higher heterogeneity in risk leads to a lower degree of risk sharing. We discuss how the endogenous partition of society into risk-sharing coalitions may shed light on empirical evidence on partial risk sharing. The case of heterogenous risk aversion leads to similar results.