regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

Financial Crisis was associated with an increase in both risk aversion and ambiguity aversion, while the Dot-com Crisis only … affected risk aversion. …

this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

typically shares in the latter gains via the collection of tax revenues. Hence to the extent the risk discount rate should … reflect the co-variability between the return from public investment and that of the market, we are led to measuring the risk …, 1950-2000, and show that the social risk premium is relatively small vis-à-vis the market. Consequently, the use of the …