This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

Central and Eastern Europe. The theoretical section establishes a link between a risk-averse investor’s amount of information … faces less risk; therefore, the investor’s risk premium falls and the investor’s bid rises. This link generates four … this paper proposes to test these hypotheses with forthcoming analysis using data from the Czech Republic. …

Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …

-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs …’ demand, while an increase in expected energy price will surely cause the risk averse firm to decrease the demand for energy … risk averse firm to decrease the demands for the non-risky inputs. Furthermore, we investigate the two cases with only …

387 companies of 30 different sectors on monthly, quarterly and semiannual basis are used. The Paired sample t- test is …) predict more accurately the expected return on a short term investment as compare to long term investment. It is recommended …

listed shares. Our analysis concerns the risk which arises from the Markowitz mean-variance approach. Our work method will be … implemented as following: first of all, we will test the normality and the stationarity of 31 shares which have composed our … methods of measurement of return, risk and the other statistical properties constitute, in fact, the pillars of companies …

Recent empirical work suggests a strong connection between the incentives money managers are offered and their risk … not only effort exertion but also risk taking behavior. The moral hazard problem with risk taking involves an incentive …-compatibility constraint on risk, which we characterize. We distinguish between one period and several periods. In the former case, under mild …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …

The management of financial risks, which is a branch of financial theory, is defined as a process that begins with risk … factors identification, continues with measurement of risk and concludes with the coverage of that risk. This work focuses on … the second phase of management process, namely the measurement of risk. This can be defined as an uncertainty which has an …