Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

Many decisions under risk involve alternatives with multiple and possibly non-financial attributes. In this paper, we … characterize risk apportionment preferences in a bivariate setting. We distinguish between desirable and undesirable attributes and …. Our results show how to unlock the powerful machinery of risk apportionment in the many situations in which decision …

labor-income risk can explain much of this risk-taking pattern. Uncontrollable labor-income risk stresses middle …, middle-income households reduce (controllable) financial risk. Richer households, having less pressure, can afford more risk …-taking. The poor take low risk because they avoid jeopardizing their subsistence consumption. …

for safety and feasibility to regulate against significant risk. For significant risks, especially those that are … operations, and their interoperability. Further, it defends feasible risk reduction as an effective decision and regulatory tool …

Insurance ideas inform legal thought: from tort law, to health law, to theories of distributive justice. Within legal … thought, insurance is often conceived as an ideal type in which insurers distribute determinable risks through contracts that … restrictive vision of liability-based regulation, on the grounds that uncertainty poses an existential threat to insurance markets …

insurance demand or consumption. Empirical research on risk aversion may be categorized into two main areas, i.e. 1) the …Determinants of risk attitudes of individuals are of great interest in the growing area of behavioral economics that … purpose of this paper is to review the empirical literature on risk aversion (and risk behavior) with a particular focus on …

Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard … and adverse selection. Index based risk transfer minimizes these obstacles by not fully insuring the risk. However, such …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …