technology. We use a field experiment with two stages of randomization to generate exogenous variation in the payoffs associated …

obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in … weapon stocks can have a non-monotonic effect on the sustainability of peace. We also show that under strategic risk …

an additional hedging motif driven by the interaction between real exchange rate risk and ambiguity aversion. What … matters is the long-run as opposed to the short-run risk. Domestic equity is a good hedge with respect to long-run real … exchange rate risk even when bonds are traded. The higher is the degree of ambiguity aversion, the stronger is the home bias …

adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility …

assumptions: Economic risk is high relative to political risk, markets are sufficiently incomplete, and there exists a rent …

individual requires to accept increased occupational fatality risk. We derive a relationship between the value of a statistical … status or quality of life and anticipated longevity threats lead to significant differences in the estimated wage/risk … anticipated longevity threats, help to explain the diversity in past studies examining how the estimated wage-risk tradeoff …

This essay reviews the family of models that seek to provide aggregate risk based explanations for the empirically …