This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

. This holds under ambiguity, but not in a comparison treatment under risk. …

attention has been devoted to understand how risk and uncertainty influence drivers’ behaviours in parking decision. This paper … risk and uncertainty. …

Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …

-play decision making under ambiguity. The current experiment involves an ambiguity treatment in which (1) the participants perform …

uncertainty. The model explicitly accounts for equipment availability and load duration curves in selecting optimal investment …

The last five years have witnessed a great momentum in the research into measures of financial risk. After many years …-friendly solutions have been proposed. These new measures of risk should be of great interest for investors, financial institutions as … perspective across a wide selection of topics, ranging from the critique of some currently used methods, like Value at Risk, to …