theorem is presented in a form which includes the distortions and links the duality to the parallel theories of risk and …

In this paper we compare overall as well as downside risk measures with respect to the criteria of first and second … order stochastic dominance. While the downside risk measures, with the exception of tail conditional expectation, are … consistent with first order stochastic dominance, overall risk measures are not, even if we restrict ourselves to two …

Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …

Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …

recreational risk-taking). In addition, perceived costs and benefits mediated the relations between personality and risk-taking in … the five domains (social, ethical, gambling, recreational and investment risk-taking). Evidence for a mechanism that …

Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …

Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …

financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …