risk and theories of loss aversion and ambiguity aversion. …

-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …

.Chapter IIIThis paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … risk-averse subjects are equally likely to cooperate in the prisoner’s dilemma and equally likely to punish in the … risk attitude is a factor when making the decision to cooperate. …

negatively related to basis risk, to quantity risk, and to transaction costs. Farmers who have less uncertainty about prices have … incentive to hedge can be greatly reduced. And finally, farmers who have low levels of risk aversion have little to gain from … hedging in terms of risk reduction, in that the certainty equivalent payoff at their optimal hedge may be little different to …

expected to increase over time at a rate less than the return on alternative investments, so utilities which are risk neutral … by risk averse utilities or the utilities may buy forward contracts for SO{sub 2} allowances. However, speculators may … play an important role by selling forward contracts for SO{sub 2} allowances to the risk averse utilities. The Argonne …