. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon … price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

excessive financial risk. Recent theory concludes that 10-15% of a worker's wealth portfolio can be prudently invested in … financial risk. We also find that families with employer stock are found to express more tolerance of financial risk, have … higher self-rated knowledge of personal finances, and are more likely to understand the value of diversification. While …

The so-called risk diversification principle is analyzed, showing that its convenience depends on individual …

to affected areas to examine how Ugandan NGOs change their diversification behaviour following the change in incentives … from contractual funding. We find diversification is negatively related to financial incentives from stakeholders …