of the investor's utility functions. Moreover, we give a uniqueness result using assumptions on the risk aversion of …

restriction on the agents´ endowments and their preferences which is compatible with non-increasing absolute risk aversion and … which is inparticular satisfied with constant absolute risk aversion. Moreover in the CAPM without a riskless asset we give … an example for multiple equilibria even though all agents have constant absolute risk aversion. …

Gegenstand der vorliegenden Arbeit ist die Analyse des Einflusses der Faktoren Konjunkturerwartung,Risikoaversion des … Risikoaversion des Kapitalmarktes auf die Marktwerte von CDOs verschiedener Senioritätanalysiert.... …

risk type. Inthe case of the existence of such an "interior" solution, its is derived that thissolution must be unique in … the case of risk averse insured and that it Pareto-dominates the corner solution. Finally, it is shown that in all cases …

We present results from the rst large-scale international surveyon risk preferences, conducted in 45 countries. We show … substantialcross-country dierences in risk aversion, loss aversion and probabilityweighting. Moreover, risk attitudes in our sample …

dependencebetween her risk aversion and the distribution of the optimal terminalpayo. Economic intuition suggests that high risk … aversion leads to arather concentrated distribution, whereas lower risk aversion results ina higher average payo at the expense … of a more widespread distribution.Dybvig and Wang [J. Econ. Theory, 2011, to appear] nd thatthis idea can indeed be …

evolved non-monotonicallyin the course of human history. In early stages of development, risk-tolerant, growthpromoting traits … process of economic development. Inmature stages of development, however, risk-averse traits gained an evolutionary advantage …