-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …

.Chapter IIIThis paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … risk-averse subjects are equally likely to cooperate in the prisoner’s dilemma and equally likely to punish in the … risk attitude is a factor when making the decision to cooperate. …

negatively related to basis risk, to quantity risk, and to transaction costs. Farmers who have less uncertainty about prices have … incentive to hedge can be greatly reduced. And finally, farmers who have low levels of risk aversion have little to gain from … hedging in terms of risk reduction, in that the certainty equivalent payoff at their optimal hedge may be little different to …

This paper investigates the role of currency denomination in the the intertemporal risk-return relation among G7 … are integrated. We obtain significant pricing coefficient estimates on the global index, but insignificant estimates on … country-specific risks. Different from the literature, however, we find that the intertemporal risk-return relation differ …

within a standard consumption-based asset- pricing model. This enables us to investigate the effect of macroeconomic … structure is path-dependent. Leverage accounts for most of the macroeconomic risk relevant for predicting defaults. The paper …

risk also in the Common Agricultural Policy. Therefore, there is a need for empirical analysis and tools aimed at providing … empirical evidences on this subject.This paper applies a PMP modelling approach that takes into explicit consideration risk …

related to the degree of risk aversion and the variability of returns. The econometric model shows that land benefits, land …

The objective of this study is to investigate how professional traders in futures and optionsmarkets behave under risk … risk aversionparameters and the degree of probability weighting can lead to distinct behavior even if theshapes of utility … and weighting functions are the same. Further, the typical pattern of prospecttheory is more prevalent under risk but not …

to the literature by incorporating the spatial setting into a risk-averse firm's location decisions in the presence of … environmental regulation uncertainty. An increase in the cost of the environmental regulation moves a risk-averse firm closer to the … output market. An augmented input or emission tax causes the risk-averse firm to locate closer to the output market …

implication of the two nonlinear mean-standard deviation models to the empirical approach called "joint analysis of risk …