Risk management and the thorough understanding of the relations between financial markets and the standard theory of … relative risk aversion) using stocks and options data. Daily estimates of investors' pricing kernel and relative risk aversion … relative risk aversion is found to be linear. The relation of the same explanatory variables to the principal components of the …

Risk management and the thorough understanding of the relations between financial markets and the standard theory of … relative risk aversion) using stocks and options data. Daily estimates of investors' pricing kernel and relative risk aversion … relative risk aversion is found to be linear. The relation of the same explanatory variables to the principal components of the …

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one’s job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …