. 1912-1928.<P> This paper formalizes the idea that more hedging instruments may destabilize markets when traders are …

We derive the optimal hedging ratios for a portfolio of assets driven by a Cointegrated Vector Autoregressive model …

probabilities that are less accurate in predicting their in-sample mortality. There is little evidence that the gradients in the … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …

and mortality. A €1,000 reduction in annual benefits leads to a rise of 4.2 percentage points in the probability of being … the hospitalization of men subject to stricter rules but their mortality rate is reduced by 1.2 percentage points. The …

time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and … with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These …. (2002, 2005), show that HIV+ agents and participants that perceive to have a high HIV contraction risk are less risk …

We apply the theory of inequality in opportunity to measure inequity in mortality. Ourempirical work is based on a rich … dataset for the Netherlands (1998-2007), linking informationabout mortality, health events and lifestyles. We show that … distinguishing between differentchannels via which mortality is affected is necessary to test the sensitivity of the results …

and the mortalitydata. The second section discusses the variation of mortality rateswith age in the population and in the …