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

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global … for considering risk sharing in IAMs, but also for potentially welfare increasing negotiations about sharing risks of …

Though gender equality has been at the centre of debate over the last decades, a number of benefits concerning the … terms. The goal is to contribute to the literature streams on gender economics and on sustainable finance. Most research on … develops disaggregate scores for each dimension, but also provides motivation for the measurement of gender equality by means …

This study examines gender differences in risk-taking behavior among managers in a female-dominated industry. Using … previous studies on gender differences in risk preferences, and thereby emphasize the importance of considering the industrial … environment. Underlying selection processes may play an important role. We find no correlation between the gender gap in risk …

Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent - one who … is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features … structure of risk premia, which are found empirically. Since such preferences can lead to dynamic inconsistencies with respect …

We define asset manager career risk as the risk that asset owners terminate an existing manager due to an extended … information ratio). We show that myopic loss aversion gives rise to career risk even for skilled asset managers and that current … industry practice of quarterly or annual performance evaluations puts even the most skilled asset managers at risk of undue …

We model an ‘anxious' agent as one who is more risk averse with respect to imminent risks than with respect to distant … relaxing the restriction of constant risk aversion across horizons and show that it generates rich implications. We first apply … dynamic inconsistency in intratemporal risk-return tradeoffs …

In the aftermath of the Global Financial Crisis, some risk management practitioners have advocated wider adoption of … Bayesian inference to replace Value- at-Risk (VaR) models in order to minimize risk failures. Despite its limitations, the … [increasingly] Bayesian—continues to be a key methodological foundation of risk management and regulation-related risk modeling …

In aftermath of the Financial Crisis, some risk management practitioners advocate wider adoption of Bayesian inference … to replace Value-at-Risk (VaR) models for minimizing risk failures (Borison & Hamm, 2010). They claim reliance of …-Bayesian and [increasingly] Bayesian – continues to be a key methodological foundation of risk management and regulation related …