Estimating risky behavior with multiple-item risk measures

Country Risk Measures: How Risky Are They?

As global competition drives corporations into distant, unfamiliar markets, managers are searching for ways to minimize their uncertainty. When formulating their strategies for such environments, managers frequently rely on country risk analysis. Assuming that country risk analysis is an objective, fact-finding process, many managers fail to question these risk reports. The focus of this paper ...

Risky business: exploring adolescent risk-taking behavior.

Estimating the variance of bootstrapped risk measures

Nonparametric variance estimation for the distortion risk measure can be readily done through the bootstrap or the nonparametric delta method based on the influence function. The same task for the bootstrapped risk measures, however, has been relatively unexplored in the literature. In this paper we analytically derive the influence function of the exactly bootstrapped quantile and later extend...

Risky prey behavior evolves in risky habitats.

Longstanding theory in behavioral ecology predicts that prey should evolve decreased foraging rates under high predation threat. However, an alternative perspective suggests that growth into a size refuge from gape-limited predation and the future benefits of large size can outweigh the initial survival costs of intense foraging. Here, I evaluate the relative contributions of selection from a g...

Corporate Managers’ Risky Behavior: Risk Taking or Avoiding?

This study reports on five experiments that investigate professional corporate managers’ risky behavior across decision settings in which various forms of financial data are evaluated. Specifically, managers decisions to take or avoid risk are investigated when evaluating data in the form of profits, losses, revenues, costs, and expenditures. The results indicate that, with one exception (i.e.,...