with bounded rationality, uninsured idiosyncratic risk, and redistributive effects of transfers. Finally, I use these …

We consider economic obstacles that limit the reliability and accuracy of value-at-risk (VaR). Investors who manage … large market transactions should take into account the impact of the randomness of large trade volumes on predictions of … price probability and VaR assessments. We introduce market-based probabilities of price and return that depend on the …

predictions of two theoretical frameworks incorporating preference uncertainty, the randomization probabilities correlated …

The relationship between decision-making and risk carries significant implications, particularly within the context of … frameworks are not sufficiently predictive or comprehensive. Recognizing the foundational elements of risk is crucial for problem … the risk-taking behaviors of these banks. We specifically examined the behaviors both before (ex-ante) and after (ex …

This study explores how people learn and adapt their risk preferences using different elicitation methods, challenging … to explain whether the observed changes are due to a real change in the measure, i.e. individuals' risk preferences, or … if they are attributable to the limitations of the measurement tool, i.e. the specific risk elicitation method employed …

also show that market correlations and differences in risk aversion and risk are sources of implicit risk-sharing and …Using a simple duopolistic trade model with demand uncertainty and an identical traded product, we show that we can … view trade in goods as implicit exports/imports of risk and risk aversion. Specifically, we show that a relatively “risk …

Environmental risk (ER) has become increasingly crucial in international business, and firms endeavor to integrate … environmental risk management (ERM) into business strategies. Examining a sample of cross-border mergers and acquisitions (M&As) and …