consequences. By properly assessing the outcomes involved - especially those concerning human life - economic theory of choice … under uncertainty is expected to help people take the best decision. However, the widely used expected utility theory values …

The classical expected utility model of decision under risk (von Neumann-Morgenstern, 1944) has been criticized from an … could dislike risk (prefer to any lottery its expectation) without necessarily avoiding any increase in risk ; diminishing … marginal utility may coexists with "weak" risk seeking attitudes ; decision makers with the same utility function may differ in …

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 … theory and the technology roadmap suggest that CO2 storage demonstration projects over the next 20 years have to cause …

-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 …