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Cautiousness and tendency to buy options

Research output: Working paper

Published

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Cautiousness and tendency to buy options. / Huang, J.
Lancaster University: The Department of Accounting and Finance, 2004. (Accounting and Finance Working Paper Series).

Research output: Working paper

Harvard

Huang, J 2004 'Cautiousness and tendency to buy options' Accounting and Finance Working Paper Series, The Department of Accounting and Finance, Lancaster University.

APA

Huang, J. (2004). Cautiousness and tendency to buy options. (Accounting and Finance Working Paper Series). The Department of Accounting and Finance.

Vancouver

Huang J. Cautiousness and tendency to buy options. Lancaster University: The Department of Accounting and Finance. 2004. (Accounting and Finance Working Paper Series).

Author

Huang, J. / Cautiousness and tendency to buy options. Lancaster University : The Department of Accounting and Finance, 2004. (Accounting and Finance Working Paper Series).

Bibtex

@techreport{6cb38b505bbd46289124c2e2c45d8202,
title = "Cautiousness and tendency to buy options",
abstract = "As is well known, Arrow-Pratt measure of risk aversion explains investors{\textquoteright} behavior in stock markets while Kimball{\textquoteright}s measure of prudence explains investors{\textquoteright} behavior when they make precautionary savings. What is missing is a measure of investors{\textquoteright} tendency to buy options. In this paper we show that cautiousness, which is equivalent to the ratio of prudence to risk aversion, is the measure. We also discuss some properties of this measure.",
author = "J Huang",
year = "2004",
language = "English",
series = "Accounting and Finance Working Paper Series",
publisher = "The Department of Accounting and Finance",
type = "WorkingPaper",
institution = "The Department of Accounting and Finance",

}

RIS

TY - UNPB

T1 - Cautiousness and tendency to buy options

AU - Huang, J

PY - 2004

Y1 - 2004

N2 - As is well known, Arrow-Pratt measure of risk aversion explains investors’ behavior in stock markets while Kimball’s measure of prudence explains investors’ behavior when they make precautionary savings. What is missing is a measure of investors’ tendency to buy options. In this paper we show that cautiousness, which is equivalent to the ratio of prudence to risk aversion, is the measure. We also discuss some properties of this measure.

AB - As is well known, Arrow-Pratt measure of risk aversion explains investors’ behavior in stock markets while Kimball’s measure of prudence explains investors’ behavior when they make precautionary savings. What is missing is a measure of investors’ tendency to buy options. In this paper we show that cautiousness, which is equivalent to the ratio of prudence to risk aversion, is the measure. We also discuss some properties of this measure.

M3 - Working paper

T3 - Accounting and Finance Working Paper Series

BT - Cautiousness and tendency to buy options

PB - The Department of Accounting and Finance

CY - Lancaster University

ER -