In the face of rising climate risk, financial institutions may adapt by transferring such risk to securitizers that … to climate risk may be a drop in the ocean of cash flows. This paper builds a data set of the entire securitization chain … optimal deals by finding the portfolio weights in an asset demand system that targets return and risk. Extrapolating wildfire …

"Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. Yet … such circumstances, it has been argued that the axioms of expected utility theory may not be the correct standard of … of abatement is more sensitive to risk aversion than to ambiguity aversion because, according to our data, the inter …

. We focus on regret theory and the use of "regret lotteries" for motivating behavior change. Here, findings from one … theory and experiments, we replicate regret lotteries as the superior one-shot incentive; however, for repeated decisions the …

feature higher risk free rates, lower risk premiums on fully diversified and concentrated assets, less capital accumulation …, yet higher consumption and welfare. Exposure to undiversified firm risk can explain approximately 40% of the level and 20 …