perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow … for different aversion to risk and intertemporal fluctuations, skewness and dynamics in the risk distributions of climate … analytical results, and offer analytical insights into numerical results on the effects of economic and damage ratio uncertainty …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the …

This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income … empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the …

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 …

We argue the earnings announcement premium is a measure of firm-specific uncertainty aversion. Our stylized model shows … earnings announcements, as pure news events, are priced only if investors are uncertainty averse; further, the earnings … announcement return is negatively correlated to future investment only if there is time-varying uncertainty. Consistent with the …