generalization of a preliminary result reported in Stark (2024). In a broad utility framework, we study the risk aversion of an … altruistic person who is an active donor (benefactor) and the risk aversion of a beneficiary of an altruistic transfer. In both … cases, we find that altruism lowers risk aversion. The specific case in which the utility functions of the benefactor and of …

generalization of a preliminary result reported in Stark (2024). In a broad utility framework, we study the risk aversion of an … altruistic person who is an active donor (benefactor) and the risk aversion of a beneficiary of an altruistic transfer. In both … cases, we find that altruism lowers risk aversion. The specific case in which the utility functions of the benefactor and of …

about their risk and risk aversion. The model includes random damages and allows for several claims, while insurees choose … from a finite number of coverages. We show that the joint distribution of risk and risk aversion is nonparametrically …

capitalists and workers, we show that a higher degree of relative risk aversion can destabilize an economy. In traditional real … business cycle (RBC) theory, a higher degree of relative risk aversion dampens the amplitude of the consumption fluctuations … caused by exogenous shocks through consumption smoothing. However, a higher degree of relative risk aversion combined with a …

dominate. Risk premiums also fluctuate with risk aversion. We shed light on this nexus in a linear-quadratic equilibrium … macrofinance model featuring time variation in inflation-consumption correlation and risk aversion. We obtain analytical solutions … nominal yields, changes in risk aversion drive real yields and act as amplifier on nominal yields. Combining a trend …

This paper reexamines the question of gender differences in financial relative risk aversion using updated methods and … aversion; however, contrary to the 1998 findings, there is no significant gender difference in financial relative risk aversion … individual gendered behavior. Following the refinements, the new tests reveal a continuing pattern of decreasing relative risk …