We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred … homogeneous with respect to the degree of risk aversion. We allow endogenous schooling attainments to affect the level of risk … experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk …

by a discussion of two important findings of recent research: the variance of the returns to education, and the risk …

related to environmental risk factors, organizational risk factors and use of precautionary principle are discussed. Ce …

income generated almost regardless of risk, with negligent and faulty risk measurement and unjustified risk taking as …

We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …

Measuring and managing the risk associated with any decision has become an inescapable element of the decision …-making process in organizations, whether public or private. Risk management is a central preoccupation of CIRANO and a recent … initiative in that area directly addresses risks associated with healthcare.<br><br>The network for risk management, patient …

This paper distinguishes relative risk aversion and resistance to intertemporal substitution in climate risk modeling …. It shows that higher risk aversion increases the optimal carbon tax. Higher resistance to intertemporal substitution … alone has the same effect as increasing the discount rate, provided that the risk is not too large. We discuss implications …

We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …