Recent literature has proposed new methods for measuring the systemic risk of financial institutions based on observed stock returns. In this paper we examine the reliability and robustness of such risk measures, focusing on CoVaR, marginal expected shortfall, and option-based tail risk...

Risk attitude and perception is reflected in brain reactions during RPID experiments. Given the fMRI data, an important research question is how to detect risk related regions and to investigate the relation between risk preferences and brain activity. Conventional methods are often insensitive...

We examine the risky choices of pairs of contestants in a popular radio game show in France. At one point during the COVID-19 pandemic the show, held in person, had to switch to an all-remote format. We find that such an exogenous change in social context affected risk-taking behavior. Remotely,...

Wir erleben derzeit eine Krise, die unsere gewohnten Lebensverhältnisse erschüttert. Alltägliches, selbstverständliches Handeln ist in Frage gestellt. Es wurden viele Maßnahmen getroffen, um uns vor der Bedrohung durch das Virus zu schützen. Es geht bei diesen Maßnahmen darum möglichst...