and Stiglitz 'model. In this case, we show that the optimal contract exhibits a deductible for the high health risk type … low health risk type. …

posteriori optimism. This paper finds that financial optimism has a significant positive effect on risk taking behaviour …. Optimistic investors choose risky portfolios over risk-free portfolios for their investments and have higher personal debt …

sample. Moreover, the Bootstrap without replacement results do not support the risk based explanation. …

Despite recent discoveries of embezzlement and excessive risk taking in subsidiary companies of several large French … disseminates the responsibilities. By the way, the directors are in a situation of dependence vis-à-vis a risk which they discover …

outlook for the risk evaluation in investment choice. Measurement tools form the main development in investment literature …

performance and risk very differently, especially for companies with significant exposure to changes in fair values of financial … 2005 to 2006, and test the risk-relevance of these different volatility measures. We find that for the average bank, the … rate risk, is more closely associated with comprehensive income volatility than either net income volatility or fair value …

inducing people to increasingly take the risk of HIV-infection and hence causing a rise in HIV prevalence. We provide a simple … model to stress on the e ects of an increase in income risk in the incentives for protection. We test the prediction using a … Africa is lifted. Additional nding states that the risk taking of HIV-infection increases when the individuals are facing …