provision of UGSs. It is also found that environmental amenities such as coastal area and vineyards are substitutes to UGSs. …

This study investigates the influence of background diversity of bank board members on performance and risk. Using data … associated with performance except when it relates to ethnicity. It not only reduces performance per se but also increases risk …. Female presence and professional diversity reduce risk but nationality and ethnicity diversities are associated with higher …

non-zero risk levels. Some contemporary European societies tolerate about one fatality per thousand year around industrial …

-agricultural sector is considered as a risk-mitigating strategy by rural Pakistani households. This issue has already been addressed but … whether ex ante engagement in the non-agricultural sector is partly motivated by a desire to mitigate risk. The main feature …

We define a coherent risk measures as set-valued maps satisfying some axioms. We show that this definition is a … convenient extension of the real-valued risk measures introduced by Artzner, Delbaen, Eber and Heath (1998). We then discuss the … aggregation issue, i.e. the passage from valued random portofolio to valued measure of Risk. Necessary and sufficient conditions …

This chapter of a collective book aims at presenting the basics of decision making under risk. We first define notions … of risk and increasing risk and recall definitions and classifications (that are valid independently of any … representation) of behavior under risk. We then review the classical model of expected utility due to von Neumann and Morgenstern …