This paper tests the existence of a risk premium in the one-month and three-month forward exchange markets. …

hypothesis. In particular, background risk, non-reliability, insolvency and asymmetric information are considered. …

This paper presents an experimental investigation of risk taking in the domain of losses. The experiments are conducted … with students in several universities during introduction rudiments to expected utility theory and risk behaviour. The …. They also show similarities in the risk perception of students across different countries, i.e., a useful validation of …

designed to spread the excess risk more widely among international investors (risk securitization). The paper reviews these … developments and stresses their significance with respect to the economic theory of risk exchanges. Special attention is devoted to …

internationally because of the larger potential for risk reduction stemming, from the lower correlation existing between assets of …

different mean-downside risk analysis, to determine which of these frameworks leads to the most efficient portfolio selection. …

the value of statistical life varies with risk level, union coverage, age, and model assumptions. In particular, by … separating between individuals with union coverage and those without, we find a slightly higher risk premium for the former …