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 …

assessing risk, problems arising from different perceptions of risk, and solutions aimed at countering problems of risk … risks, well known risk theories such as cultural theory, risk society theory and governmentality theory. In addressing the … 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 …

controls as he partially hedges his exposure to firm risk. Conditioning on his optimal behavior, control of firm risk increases …

of banks’ credit risk and capital on firms’ risk and performance. Our data set is a multilevel cross-section, which … regarding omitted variables. We find that banks with higher credit risk are associated with more risky firms, with lower … profitability and market value. In turn, we find that banks with higher risk-weighted capital ratios lend to riskier firms with less …

The polish hotel market grows in a dynamic way, however investment in this market is subject to some risk. A …