This paper deals with the phenomenon of risk-selection and its appearance in the german compulsory health insurance …

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 …

risk exposure as a business imperative of the parties’ choice of multiparty arbitration. Emphasis throughout is put on the …

high and the overweighting of low probabilities, the Allais paradox, risk aversion, loss aversion, the Ellsberg paradox …

an uniform solution of the underweighting of high and the overweighting of low probabilities, of the Allais paradox, risk …

Microeconometric treatments of discrete choice under risk are typically homoscedastic latent variable models … parameters meant to represent agents’ degree of risk aversion in the sense of Pratt (1964) do not imply a suggested … “stochastically more risk averse” relation within such models. A new heteroscedastic model called “contextual utility” remedies this …

risks, well known risk theories such as cultural theory, risk society theory and governmentality theory. In addressing the … assessing risk, problems arising from different perceptions of risk, and solutions aimed at countering problems of risk … reasonably without the consequential effects which result from the dual nature of risk that is, risks emanating from the …

these Accords, namely the management of risk, that more work is still required particularly in relation to hedge funds and …