The authors describe a classroom experiment that motivates student understanding of behavior toward risk and its effect on money demand. In this experiment, students are endowed with an income stream that they can allocate between a risk-free fund and a risky fund. Changes in volatility are...

This paper examines the impact of news on the volatility of equity returns in three sectors of the health care industry - health care service providers, producers of drugs and supplies, and third-party payors. The news impact is found to be asymmetric in that bad news (i.e., a negative shock)...

The authors describe a classroom experiment that motivates student understanding of behavior toward risk and its effect on money demand. In this experiment, students are endowed with an income stream that they can allocate between a risk-free fund and a risky fund. Changes in volatility are...