As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions and continue the development of theories of decision making under risk, the Toulouse School of Economics hosted “Risk …

The economic theory of decision making under risk has seen remarkable advances over the 50 years since Pratt’s (1964 …) characterization of risk aversion under expected utility. We review developments in three key areas to which Louis Eeckhoudt has made … significant contributions: (1) increases in risk and risk taking; (2) self-protection and risk aversion; and (3) higher (and lower …

Many students of trust see it as a way to mitigate risk through the development of strong institutions that create … “reduces” perceptions of risk independently of personal experience. Copyright Springer Science+Business Media New York 2013 …

flavors include inequality, risk, social welfare and justice. Copyright Springer Science+Business Media, LLC. 2012 …

. However, risk was never considered in the papers based on profit decomposition. Without considering risk, the empirical … results will be biased while decomposing the change in profit. In fact, risk is a joint but undesirable output which cannot be … freely disposed of by various regulations. The non-performing loan (NPL) is employed as a risk indicator for decomposing the …

Recent research argues “betrayal aversion” leads many people to avoid risk more when a person, rather than nature …