-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …

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

We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the …’s resilience (its ability of the recover rapidly from the shock). We find that the economic risk of epidemics is particularly high …

attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation … for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in …

redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …. -- longevity risk ; risk sharing ; overlapping generations ; intergenerational transfers ; annuity markets …

themselves against future "risk-class" classification. Accordingly, the First-Best typically involves transfers across states of … the other hand, public insurance plans that do not distinguish between "risk-class" realizations are also inefficient. It …

systems invariably allows for cross subsidization between different risk groups (males/females). We examine the utilitarian …

apparent risk experience divergence in risk levels over time. The information structure is modeled in three alternative ways …: all insurers and insureds know risk at any point in time, current insurer and insured know risk, and only the individual … knows risk. Insurers always know the average risk. It is shown that some models lead to backloading of premiums in which …

) the comparison of the degree of risk aversion for consumption and for LTC expenditures, and (iii) the income level of …