Comparative Risk Aversion: A Formal Approach with Applications to Saving Behaviors [PDF]
We consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman [15], Selden [26], Epstein and ...
Antoine Bommier +2 more
core
Default Effect in ESG Investment: When a Recommendation Goes a Long Way
Business Strategy and the Environment, EarlyView.ABSTRACT Individual investors display a positive attitude toward ESG investments but typically fail to act upon it. We report results from a preregistered online experiment testing a default option on 1050 US investors examining the mechanisms driving the effectiveness of default options in promoting ESG investments.
Sai Sravanthi Ramadugula +2 more
wiley +1 more source
Contextual framing effects on risk aversion assessed using the bomb risk elicitation task. [PDF]
Econ Lett, 2023 Hermanns B, Kokot J.
europepmc +1 more source
Risk Aversion and Sorting into Public Sector Employment [PDF]
This research note uses two German data sets – the large-scale German Socio-Economic Panel and unique data from own student questionnaires – to analyse the relationship between risk aversion and the choice for public sector employment. Main results are: (
Pfeifer, Christian
core
On risk aversion in the Rubinstein bargaining game [PDF]
, 2008 We derive closed-form solutions for the Rubinstein alternating offers game for cases where the two players have (possibly asymmetric) utility functions that belong to the HARA class and discount the future at a constant rate.
Kohlscheen, Emanuel +1 more
core
Takeover Vulnerability and the Discipline of ESG Overinvestment
Business Strategy and the Environment, EarlyView.ABSTRACT While takeovers serve a disciplinary role by replacing inefficient managers, the threat of takeovers may compel firms to divert attention from Environmental, Social and Governance (ESG) efforts as a strategic response to external pressure, especially when such firms are already overinvesting in ESG.
Abongeh Tunyi +2 more
wiley +1 more source
Evolution of Risk Aversion over Five Years after a Major Natural Disaster. [PDF]
J Dev Econ, 2023 Ingwersen N, Frankenberg E, Thomas D.
europepmc +1 more source
Can risk aversion indicators anticipate financial crises? [PDF]
Fluctuations in investor risk aversion are often cited as a factor explaining crises on financial markets. The alternation between periods of bullishness prompting investors to make risky investments, and periods of bearishness, when they retreat to the ...
Coudert, V., Gex, M.
core
Corporate Decarbonization via Technology and Management
Business Strategy and the Environment, EarlyView.ABSTRACT This study provides a comprehensive overview of key findings on decarbonization, advanced technologies, and management strategies, highlighting emerging themes shaping the field. Advanced technologies enhance carbon reduction through efficiency, real‐time monitoring, and optimizing resource optimization.
Heidy Montero‐Teran +2 more
wiley +1 more source
Risk aversion in risk-taking tasks: Combined effects of feedback attributes and cognitive reflection ability. [PDF]
Brain Behav, 2023 Li W +7 more
europepmc +1 more source