risk-related topics of standard finance are classical decision theory, rationality, risk-averse behavior, modern portfolio … issues of decision-making. The risk-oriented subjects of behavioral finance are behavioral decision theory, bounded … rationality, prospect theory, and loss aversion. The assessment of risk is a multi-dimensional process and is contingent on the …

This paper investigates how the combination of preferences and biases impact the risk-value profile of acquiring firms …. We find strong evidence that prior losses impact acquisition risk as firms with negative prior returns are more prone to … corporate risk choices that conform to the aspiration-based March-Shapira model, modulated by psychological biases such as …

This paper sets out to investigate the role of additive uncertainty under plausible non-standard central bank loss … conclusion of the study is that if the additive uncertainty is caused by a non-normal distributed additive shock, for instance if … of certainty equivalence does not hold anymore. Thus, it appears that with additive uncertainty of the non-normal type …