aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in … the form of a countercyclical variance of idiosyncratic income risk. The other indirectly emerges over a household's life …-cycle because retirement savings contain the history of idiosyncratic and aggregate shocks. We show that this leads to risk …

virtual funds, and pure risk lotteries. These represent three different levels of uncertainty: two-sided ambiguity, one …-sided ambiguity and pure risk. Our results show a significant relationship between individual overconfidence and competence measures …

Women are stereotyped as more risk averse than men. Empirical and experimental investigations seem to support the …

results. To shed a light on these questions, we analyse a sample of 69 transition risk metrics delivered by 9 different … climate transition risk providers and covering the 1,500 firms of the MSCI World index. Our findings show that convergence … between metrics is significantly higher for the firms most exposed to transition risk. We also show that metrics with similar …

markets seem to expect the worst with regards to physical risk exposure and impacts, which are associated with higher yields … to transition risk exposure and innovation opportunities, which are associated with lower bond yields for the countries …

The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …

that lead to these assets becoming stranded. Our result suggest that climate change implies a positive and increasing risk … risk. Transition risks lower substantially the participation of carbon intensive assets in the market portfolio, which …

Decisions involving risk are usually taken in the presence of other insurable or non-insurable risks, the latter type … called background risk. We examine how changing background risk influences risk-taking based on panel data with monthly … observations from Senegalese fishermen. Fishing income is volatile and income risk depends on weather conditions and on …