self-directed online investors at a UK bank. The survey asks for return expectations, risk expectations, and risk tolerance …. The exception is a positive effect of increases in return expectation on buying activity. Portfolio risk levels and … changes are more systematically related to return and risk expectations. In line with financial theory, risk taking increases …

between risk and uncertainty is implemented by applying the multiple priors framework to beliefs about the probability of …

causal effects of those reforms on bank risk. Using a difference-in-difference approach, we show that banks’ financial … corporate governance. We also find that the effects of legal and governance reforms on bank risk may critically depend on the … progress of banking reforms. A further examination of alternative risk measures reveals that the increases in financial …

, regardless of banks’ fundamentals. We show that changes in expectations about bank and borrower fundamentals change the risk …

the resulting consumption allocations offer less risk-sharing opportunities to risk-averse consumers than tailor …

We study portfolio selection under Conditional Value-at-Risk and, as its natural extension, spectral risk measures, and …-spectral risk preferences for the choice of optimal portfolios only implicitly, we explicitly model these preferences in the form of … a so-called spectral utility function. Within this more general framework, spectral risk measures tend towards corner …

This paper proposes a methodology to analyse the risk and return of large loan portfolios in a joint setting. I propose … in closed form. I investigate the validity of mean–variance analysis with a value at risk constraint and study its …