support for the hypothesis that attitude to risk and attitude to ambiguity are two independent phenomena. In fact in this … experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value … of the loss) and ambiguity averse (i.e., the mean WTP for insurance is on average higher for an ambiguous risk than for a …

The objective of the paper is to analyze the risk management behavior of a non-industrial private forest owner under … regeneration process for physical practice) and expected risk. We show, for example, that an increase in expected risk has a …

:contingent claims (CC) with risk neutral valuation and dynamic programming (DP) using a constant risk adjusted discount rate … (such as futures prices) that allow the estimation of the market price of risk or convenience yield. Even when such data do … the prices of different sources of risk …

The objective of the paper is to analyze the risk management behavior of a non-industrial private forest owner under … regeneration process for physical practice) and the expected risk. We show, for example, that an increase in the expected risk has …

In this paper, we propose to analyse the choice of risk management activity made by a non-industrial private forest … owner who derives utility from consumption and from the sentimental value of the forest that bears a risk of disaster. We … that risk aversion increases the level of insurance demand and selfinsurance activity, extending this standard result …

support for the hypothesis that attitude to risk and attitude to ambiguity are two independent phenomena. In fact in this … experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value … of the loss) and ambiguity averse (i.e., the mean WTP for insurance is on average higher for an ambiguous risk than for a …