We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share … explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …

how these volatility measures can be used for risk management. We find that momentum risk management significantly …We introduce a new class of momentum strategies, the risk-adjusted time series momentum (RAMOM) strategies, which are … based on averages of past futures returns, normalized by their volatility. We test these strategies on a universe of 64 …

making under risk ; retirement portfolios …

guarantee, these products are interesting for risk averse investors who, in general, benefit from diversification. However, to … utility effects caused by the additional rider in the presence of background risk and borrowing constraints. A simulation …

Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as …

Despite a considerable premium on equity with respect to risk free assets, many households do not own stocks. We ask … why the prevalence of stockholding is so limited. We focus on individuals' attitudes towards risk and identify relevant … it does not indicate a significant relationship between risk aversion and financial risk taking. However, our analysis …