Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …

Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability … prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …

distorted capacity, are established for the classes of monetary risk measures (defined on the space of bounded real … monetary risk measures having the properties of comonotonic additivity and consistency with respect to the generalized … increasing convex stochastic dominance relation. Generalizations to the case of a capacity of some well-known risk measures (such …

This paper deals with risk measurement and portfolio optimization under risk constraints. Firstly we give an overview … of risk assessment from the viewpoint of risk theory, focusing on moment-based, distortion and spectral risk measures. We …- Gaussian features. We deal with the problem of portfolio optimization under risk constraints and lead a comparative analysis of …

stereotype of risk averse and less competitive older employees. …

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 …

The theory of existence of equilibrium with short-selling is reconsidered under risk and ambiguity modelled by risk … of the risk adjusted sets of expectations overlap. This condition is necessary if agents are not risk neutral at extreme … compatible trades, with non negative expected value with respect to any risk adjusted prior, strictly positive for some agent and …