between consumption losses in a disaster and the risk premium, a small amount of risk sharing can significantly attenuate the … effect that disaster risk has on the equity premium. We characterize the sensitivity of risk premium to wealth distribution … lead to significant variation in disaster risk premium. It also highlights the conditions under which disaster risk premium …

industries. Employees in trading service sectors face both a higher subjective and objective unemployment risk, regardless of … individual unemployment risk …

, provide real diversification of risk, in addition to the division of capital into different asset classes. It is shown how … portfolios that seem diversified in their capital allocation are too heavily concentrated in terms of risk allocation. To solve … this problem, use of a risk budgeting approach based on equal marginal contributions to total risk is proposed. By using …

As property is the most valuable asset for many home owners, house price risk is relevant to a large number of … households. Two factors impacting this risk are the high leverage on the assets and the volatility of housing prices. This paper … discusses different strategies for house price risk management in a three-step approach. First, eleven risk management …

individual variation in risk taking can be explained by genetic differences. I will discuss work by my collaborators and me where … we explore how risk-taking behavior varies with different versions of the dopamine receptor D4 gene (DRD4). We focus on … economic risk taking, as proxied by a financial gamble. Our participants are college students and serious tournament bridge …