-markets consumption allocation. There is substantial heterogeneity in risk preferences estimated from the full-insurance model, positively …We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and … correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …

We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a … this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

risk reduces the propensity to invest in stocks. However, when controlling for household heterogeneity as well as … theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to … measure income risk as the observed variation of household income over a five year period. We find that indeed higher income …

In this paper, we consider the ruin probability minimization of an insurance company that buys proportional reinsurance … this company and assume that the company invests its surplus into a riskless and multiple risk assets that are modeled as … proportional reinsurance and investment strategy of an insurance company investing into multiple risky assets to minimize its ruin …

We use a panel dataset from the Dutch Household Survey, covering annually the period 1995-2012, to analyse whether … individual financial risk taste changes over time with the background macroeconomic and financial conditions, as well as personal … and subjective exposure to portfolio risk. Considering six different self-assessed facets, we find that risk appetite is …

uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify … Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

-markets consumption allocation. There is substantial heterogeneity in risk preferences estimated from the full-insurance model, positively …We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and … correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …

This study examines how experiencing a pandemic affects household investment behaviors. By leveraging cross … pandemic and is particularly pronounced among households characterized by higher risk aversion and greater income volatility … through a shift in risk attitudes. …

insurance demand or consumption. Empirical research on risk aversion may be categorized into two main areas, i.e. 1) the …Determinants of risk attitudes of individuals are of great interest in the growing area of behavioral economics that … purpose of this paper is to review the empirical literature on risk aversion (and risk behavior) with a particular focus on …