aversion, risk seeking over losses, and nonlinear and asymmetric probability weighting (in the spirit of Jullien and Salanié …, 2000). Loss aversion induces those speculators to trade more cautiously, while risk seeking induces them to trade more …

hold different portfolios. Our model is able to generate a time-varying risk premium of about 5.5% while maintaining a low … risk free rate, thus suggesting a plausible explanation for the equity premium puzzle reported by Mehra and Prescott (1985). …

history and worst-case data from RMP*Info. Risk Analysis, 23(5), 865–881.] summarize the accident frequencies and severities …. Systematic analyses of the databases also help to avoid future accidents, thereby reducing the risk.More specifically, this paper … estimate the capital at risk within an industry utilizing the frequency and loss-severity distributions. …

infrastructure projects in more than 85 countries. PPPs are a procurement methodology that brings a rigorous risk-weighted approach … depth and state/government risk allocation with lenders expected to take a tougher approach to the support of delivery and … scientifically costed approach to risk allocation, state guarantee support, improved underlying credit credentials and a rethinking …