accident may occur. One way to internalize the financial risks associated with such an accident is through mandatory liability … liability insurance coverage therefore may be effciency-enhancing. …

Risk exists whenever the future is unknown. This paper deals with the concepts of risk and uncertainty, risk attitudes … and reaction to risk. It is explained the distinction between objective risk and subjective risk. Also, it presents risk … attitudes and factors affecting them and the economic costs of risk: costs of unexpected losses and costs of uncertainty. …

The main characteristic of investments is risk asumption, because investments are related to coming evolutions and the … future is uncertain. Investment decision under risk circumstances involves two separate stages in approaching the risk, there …

We use two large Dutch datasets to estimate the Risk Augmented Mincer equation and test for risk compensation in … expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add … educations but obtain identical risk compensation. Among recent graduates, women receive higher risk compensation than men …

variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …