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 …

typically viewed as capturing risk predict disappointment of expectations (and of EBRs). Overall, return spreads typically … attributed to exotic risk factors are explained by predictable movements in non-rational expectations of firms' earnings growth …

"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 …