Using a laboratory experiment, we present first evidence that stigmatization through public exposure causally reduces … can exclude other explanations for the observed stigma effect. In the experiment, social stigmatization implies a …

investment. Interestingly, the society might even vote against a policy providing full insurance against idiosyncratic risk … with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter …. Major results include that growth, inequality, and risk are positively related in our model, but we also identify a hump …

the economy, several agents make consumption and investment decisions based on public information — prices and dividends … — and private signals. We obtain the equilibrium in closed form, assuming that each investor has constant absolute risk … of risk. Overall, the equilibrium reaches perfect informational efficiency at the expense of agents' welfare …

symmetric equilibrium, fund managers use randomized trading strategies which endogenously create risk. This risk is unrelated to … the uncertainty generated by the assets traded in the underlying financial market. Furthermore, this risk is excessive as … dominance. This trading strategy takes the form of a simple index strategy. Excessive risk-taking of fund managers leads to …