Risk has been described in the past by a simple measure, such as the variance, and risk attitude is often considered simply a degree of risk aversion. However,

Presents research utilizing laboratory experimental methods in economics.

Despite many years of development, risk management remains problematic for the majority of organizations. One common challenge is the human dimension, in other

This document is an introduction, for non-economists, to standard and behavioral economic theories of risk and uncertainty. It describes some broadly-accepted r

Investment and risk management problems are fundamental problems for financial institutions and involve both speculative and hedging decisions. A structured app