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Do bad risks know it? Experimental evidence on optimism and adverse selection

Coelho, Marta; de Meza, David - London School of Economics (LSE) - 2012

Subjects who overestimate their performance in experimental tasks unrelated to travel are less willing to insure against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences insurance demand and diminishes adverse selection

Persistent link: https://www.econbiz.de/10011128051

A risk assessment model for banks

Goodhart, Charles; Sunirand, Pojanart; Tsomocos, … - London School of Economics (LSE) - 2004

The objective of this paper is to propose a model to assess risk for banks. Its main innovation is to incorporate … endogenous interaction between banks, recognising that the actual risk to which an individual bank is exposed also depends on its … data and therefore can be implemented as a risk assessment tool for financial regulators and central banks. We address the …

Persistent link: https://www.econbiz.de/10010745460

Towards a measure of financial fragility

Aspachs, Oriol; Goodhart, Charles; Tsomocos, Dimitrios P.; … - London School of Economics (LSE) - 2006

This paper proposes a measure of financial fragility that is based on economic welfare in a general equilbrium model calibrated against UK data. The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default. We...

Persistent link: https://www.econbiz.de/10010745512

The role of perceived costs and perceived benefits in the relationship between personality and risk-related choices

Soane, Emma; Dewberry, Chris; Narendran, Sunitha - London School of Economics (LSE) - 2010

the five domains (social, ethical, gambling, recreational and investment risk-taking). Evidence for a mechanism that … choice behaviour. We assessed perceptions and behaviours in six domains (ethical; investment; gambling; health and safety … recreational risk-taking). In addition, perceived costs and benefits mediated the relations between personality and risk-taking in …

Persistent link: https://www.econbiz.de/10010745760