pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …

product leads to an increase in female decision-making power within the household. We find positive impacts, particularly for …-oriented durables goods purchased in the household. …

an investor’s risk aversion and elasticity of intertemporal substitution that is made possible by recursive utility, in … contrast to expected utility, where the two are governed by the same parameter. In particular, we study exactly how risk … portfolio policies. We find that, in general, the consumption and portfolio decisions depend on both risk aversion and the …

The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the … experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …

substantial heterogeneity across subjects, decreasing absolute risk aversion and increasing relative risk aversion are the most … utility function. We then fit the experimental choices to this model to assess the risk attitude of our subjects. Despite the … prevalent risk types, and we can classify more than 50% of the subjects in this combined category. We also find evidence of …

-performance relationship by manipulating her risk exposure. In a dynamic portfolio choice framework, we show that as the year-end approaches … risky asset despite its positive risk premium. Under multiple sources of risk, with both systematic and idiosyncratic risks … present, we show that optimal managerial risk shifting may not necessarily involve taking on any idiosyncratic risk. Costs of …