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pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory … higher when the risk reduction is delivered by a public program, and increases with the effectiveness rating assigned by the … respondent to public programs that address specific causes of death. The effectiveness of private risk-reducing behaviors is also …
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CEO compensation duration and studies how it affects corporate risk taking. This measure is constructed using grant … that longer pay duration is associated with higher firm risk, measured by stock return volatility, idiosyncratic stock … return volatility, and analyst forecast dispersion. Additional tests show that higher risk is not associated with higher …
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Under Black-Scholes (BS) assumptions, empirical volatility and risk neutral volatility are given by a single parameter …, which captures all aspects of risk. Inverting the model to extract implied volatility from an option's market price gives … investors' risk attitudes, including possibly distinct preferences over different volatility-related aspects of the returns …
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models of risk preferences — including both expected utility (EU) theory and non-EU models — that have been estimated using …We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in … which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of …
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