The study investigates the stability of financial risk preference choices elicited from subjects by way of two methods …, namely: experimentally elicited incentivized revealed risk preferences (IRRP) and (self-reported) perceived willingness to … take a financial risk (PWTFR). The research further examines whether financial literacy (a human capital aspect) helps in …

framework is model-free and allows for stresses on the output such as (a) the mean and variance, (b) any distortion risk measure … including the Value-at-Risk and Expected-Shortfall, and (c) expected utility type constraints, thus making the reverse … sensitivity analysis framework suitable for risk models. …

unambiguously reduce risk, and decision makers might demand more insurance when there is a positive loading on the premium than when …-period model where risk is concentrated in the second period and derive the conditions under which these demands differ. We examine … the effects of risk aversion and derive the conditions under which a more risk-averse individual demands more or less …

to a large extent on risk classification. In certain regulations, however, we can find restrictions on these …

, and noise traders. The rational investors maximize second period consumption utility from the payoffs of trading risk …. Finally, the introduction of the policy rule does not affect rational investors' risk per share. A general conclusion is that …

The value of information regarding risk class for a monopoly insurer and its customers is examined in both symmetric … by sharing gains from trade with high-risk customers when low risks are predominant in the insurance pool. However …