Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …

recreational risk-taking). In addition, perceived costs and benefits mediated the relations between personality and risk-taking in … the five domains (social, ethical, gambling, recreational and investment risk-taking). Evidence for a mechanism that …

Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …

Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …

financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …

Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presents exploratory research … designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two …

In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on …. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …

Risk is one of the biggest and most fascinating challenges of all times for humanity, because of its presence in all … fields. Risk management as a component of modern management, has become a main concern for the modern world and one of the … impact of risk over business and planed or foreseen results. Risk management in an organization means to determine what risks …