The purpose of this study is to investigate the effect of failure experience. This study builds the two-period model including the educational investment and failure experience by answering the following three questions. First, if the effect of failure experience exists, how does the investment...

The purpose of this paper is to introduce and explain the motivation behind the Risk and Insurance Seminar (RIS) and the design of its educational courses. Furthermore, we will describe contacts with people in industry through the RIS and the expected outcomes for participating students. Since...