this phenomenon focus on rational gamblers who overbet longshots due to risk-love. The competing behavioral explanations …

. By incorporating climate risk into asset prices, markets can discourage excessive development in hazardous areas. However … information about flood risk on residential property values in the United States. Using multiple empirical approaches and two … information about flood risk in aggregate. However, the price penalty for flood risk is larger for commercial buyers and in states …

We propose and implement a procedure to dynamically hedge climate change risk. To create our hedge target, we extract … hedge portfolios. We discipline the exercise by using third-party ESG scores of firms to model their climate risk exposures … managing climate risk …

was 1-3 degrees Fahrenheit. In addition, people with higher risk estimates, whether for temperature or related risks (e …, significant behavioral propensities also emerged. For example, accessibility of neutral information on global warming boosted risk …

accounts for the interaction between temperature, economic growth and risk. The model simultaneously matches the projected … temperature path, the observed consumption growth dynamics, discount rates provided by the risk-free rate and equity market …