Often we confront risks: opportunities where we have some probability of gaining or losing something and have to decide whether or not to accept the opportunity. The simplest risks are financial. For ...

Risk aversion is a fundamental trait shaping how individuals, firms and policymakers respond to uncertain outcomes. It encapsulates the preference for certain outcomes over gambles with equivalent ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

This is a preview. Log in through your library . Abstract The non-expected-utility theories of decision under risk have favored the appearance of new notions of increasing risk like monotone ...

Science is built on the boldly curious exploration of the natural world. Astounding leaps of imagination and insight — coupled with a laser like focus on empiricism and experimentation — have brought ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. Monica Kaminska is a postdoctoral researcher at the Hague Program for Cyber Norms, ...

Why are the prices of stocks and other assets so volatile? Efficient capital markets theory implies that stock prices should be much less volatile than actually observed, reflecting an unrealistic ...

We estimate the risk attitudes of a large sample of individuals from various fishing communities along the west coast of South Africa. Female fishers and rights holders are found to be more risk ...