The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …

with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These …. (2002, 2005), show that HIV+ agents and participants that perceive to have a high HIV contraction risk are less risk … time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …

The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …

We investigate the relative roles of US economic policy uncertainty andglobal risk aversion in contributing to … short-lived and robust reactions to US risk aversion shocks. A novel finding of this paper is that the responses of AEs and … EMEs are asymmetric: AEs react more strongly to US policy uncertainty shocks while EMEs are more sensitive to risk aversion …

/debt relationship is positive, consistent with the idea that external supervision accompanies higher debt levels and reduces the risk of …, suggesting that family directors are more risk-averse. The results stress the tradeoff between two distinct motivations that … determine the capital structure of family firms: Risk aversion pushes firms toward lower debt levels, but the need to finance …

We extend the Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events (disasters …) to a two-country world. In this more general setting, both the output risk of rare disasters and the associated risk of a … default on Government debt, can be diversiÖed. The extent to which agents in one country can diversify away the risk of …

. The results indicate that consulting a financial advisor, retirement duration, and risk aversion are positive predictors … contributions of our study include establishing the relationship between risk aversion, financial advice, and annuity ownership …

and interbank rate risk on the optimaldecisions on deposits and loans of a competitive bank. It is found that dueto the … introduction of both sources of risk there appear direct effects as wellas portfolio effects which jointly determine changes in the … bank's behavior.Moreover, it is shown that there is an interaction between the effects of theintroduction of risk and …