This study aims to provide empirical evidence about the influence of Independent Commissioners, Audit Committee and Risk Monitoring Committees on Taking moderated by Charter Value in Indonesian banking industry. is a policy-making management that contains risks its decisions. research was conducted analyzing Committee. In this case, institutions are organs Board Commissioners their instruments ...

Abstract Due to the prevalence and importance of choices with uncertain outcomes, it is essential establish what interventions improve risky decision-making, how they work, for whom. Two types low-intensity behavioural are promising candidates: nudges boosts. Nudges guide people better decisions by altering a choice presented, without restricting any options or modifying underlying payoff matri...

This paper examines households' self-insurance in financial markets when a rare personal disaster, such as disability or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment choices, even if most workers will not experience disaster. Uncertainty about the size of human capital losses, which characterizes disasters, results lower risk-...

We analyze the risk level chosen by agents who have private information regarding their quality. We show that even risk-neutral agents will choose risk strategically to enhance their reputation in the market, and that such choices will be influenced by the mix of other agents’ types. Assuming that the market has no strong prior about whether the agents are good or bad, good agents will choose l...

Human risk taking is characterized by a large amount of individual heterogeneity. In this study, we applied resting-state electroencephalography, which captures stable individual differences in neural activity, before subjects performed a risktaking task. Using a source-localization technique, we found that the baseline cortical activity in the right prefrontal cortex predicts individual risk-t...