that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the …

The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences … in the widely-used “trust game” actually measure trust, or instead reveal more about risk attitudes. It is critical to … cogent evidence on the relationship between trust and risk in “trust” games. Subjects in our experiment participate either in …

Measuring risk can be axiomatized by the concept of coherent measures of risk. A risk environment specifies some … individual portfolios' realization vectors and a coherent measure of risk. We consider sharing the risk of the aggregate … portfolio by studying transferable utility cooperative games: risk allocation games. We show that the class of risk allocation …

This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It … of the discount factor above which perfect risk sharing is self-enforcing. When agents face no aggregate risk, there is … of idiosyncratic and aggregate risk. In the case of exponential (isoelastic) utility, cooperation depends positively on …

– game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the …Basel II changes risk management in banks strongly. Internal rating procedures would lead one to expect that banks are … changing over to active risk control. But, if risk management is no longer a simple "game against nature", if all agents …