The paper examines in the laboratory how risk-taking situations are affected by the conditions of observing other …

We propose a new method to model hedge fund risk exposures using relatively high frequency conditioning variables. In a … large sample of funds, we find substantial evidence that hedge fund risk exposures vary across and within months, and that …-month functional forms, and uncover patterns such as day-of-the-month variation in risk exposures. We also find that changes in …

Due to the lack of descriptive information about the effectiveness of risk management activities, decision-makers often … examine risk management decisions. We simulate individuals' decisions over 50 time periods and analyze how distributional … properties of different risk management instruments influence subjects' propensity to invest in self-insurance or self …