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). …

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 …

This study analyzes the association between the degree of international involvement (DOI) and risk. Both systematic … risk (measured by the market model beta) and total rishk (measured by variance of return) are analyzed. Betas of fully … deverase as DOI increases (hypothesis). While total risk might be decreased due to the diversification provided by increasing …

physical highway assets or system usage only under certainty or risk, this research focuses on the management of an entire … certainty, risk, or uncertainty, the software outputs match with the results of actual highway programming at least 85 percent …

purpose of life insurance and annuities is to hedge against the risk that one will die early or late. The present value of the … people to buy more. Insurance is a hedge, not a bet. And it makes no sense to hedge more risk than you have. …

difficult issues to resolve. Up to now there has been no easy and reliable way to compare the risk of one stock or portfolio … earlier article, spread is potentially a promising way to measure risk in real time as perceived collectively by competing … of trading day. Thus, incidentally, NTR addresses a fundamental problem with beta (the prevailing measure of risk …

managers to assume additional risk. As a result, CEOs naturally insist on the prospect of greater returns. In effect, CEOs have …

of enterprise risk management to mitigate the long-term impact of financial distress on their business models. It also …