Protective shells make for more risky behaviour

Does the Ability to Make a New Business Need More Risky Choices during Decisions? Evidences for the Neurocognitive Basis of Entrepreneurship

Does non-interest income make banks more risky? Retail- versus investment-oriented banks

In this paper, we analyze the impact of banks’ non-interest income share on risk in the German banking sector for the period between 2002 and 2010. Using linear and quantile regression estimators, we find that the impact of non-interest income on risk significantly differs depending on banks’ overall business model. More specifically, we show banks with retail-oriented business model such as sa...

Health Interventions and Risky Behaviour

This paper reviews the extent to which policy interventions can affect risky behaviours such as smoking, drinking and diet. The justification for such intervention is typically a market failure, broadly defined. The types of market failure typically encountered are discussed. First and second best interventions are examined and there is a review of the efficacy of such interventions with respec...

As the dependence structure is ... xed , do more risky assets lead to more risky portfolios ?

As the dependence structure (i.e. the copula) among the assets is ...xed, one might think that the riskier the assets, the riskier the portfolio. Surprisingly enough, this conjecture turns out to be false even for coherent risk measures and normal returns. We show that two conditions are able to preserve risk ordering under the portfolio: convexity for the risk measure and conditional increasin...

Make Surgeons’ Position More Comfortable