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  • 15 Feb 2018
  • Working Paper Summaries

Can Financial Innovation Solve Household Reluctance to Take Risk?

Keywords: by Laurent Calvet, Claire Celerier, Paolo Sodini, and Boris Vallée; Financial Services; Computer
  • Article

Excusing Selfishness in Charitable Giving: The Role of Risk

By: Christine L. Exley
Decisions involving charitable giving often occur under the shadow of risk. A common finding is that potential donors give less when there is greater risk that their donation will have less impact. While this behavior could be fully rationalized by standard economic... View Details
Keywords: Charitable Giving; Prosocial Behavior; Altruism; Risk Preferences; Risk and Uncertainty; Philanthropy and Charitable Giving; Behavior
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  • 2010
  • Article

Fretting About Modest Risks Is a Mistake

By: Matthew Rabin and Max Bazerman
Managers often engage in risk-averse behavior, and economists, decision analysts, and managers treat risk aversion as a preference. In many cases, acting in a risk-averse manner is a mistake, but managers can correct this mistake with greater reflection. This article... View Details
Keywords: Decision Biases; Risk Management; Risk and Uncertainty; Decision Making
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  • 2004
  • Working Paper

Contract Rights and Risk Aversion: Foreign Banks and the Mexican Economy, 1997-2004

By: Stephen Haber and Aldo Musacchio
In 1997 Mexico allowed foreign banks unrestricted entry to the market. What impact did foreign mergers and acquisitions have on Mexico's banks? We find that all banks in Mexico have become increasingly risk averse, and that foreign banks are even more so. Foreign banks... View Details
Keywords: Risk and Uncertainty; Contracts; Market Entry and Exit; Globalization; Microeconomics; Banks and Banking; Banking Industry; Mexico
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  • August 2023
  • Article

Can Security Design Foster Household Risk-Taking?

By: Laurent Calvet, Claire Célérier, Paolo Sodini and Boris Vallée
This paper shows that securities with a non-linear payoff design can foster household risk-taking. We demonstrate this effect empirically by exploiting the introduction of capital guarantee products in Sweden from 2002 to 2007. The fast and broad adoption of these... View Details
Keywords: Financial Innovation; Household Finance; Structured Products; Stock Market Participation; Finance; Innovation and Invention; Household; Personal Finance; Risk and Uncertainty; Behavior; Market Participation
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  • 09 Jan 2018
  • First Look

First Look at New Research and Ideas, January 9, 2018

Aversion in Queues By: Buell, Ryan W. Abstract—This paper investigates whether people exhibit last place aversion in queues and its implications for their experiences and behaviors in service environments.... View Details
Keywords: Sean Silverthorne
  • February 2020
  • Article

Being 'Good' or 'Good Enough': Prosocial Risk and the Structure of Moral Self-regard

By: Julian Zlatev, Daniella M. Kupor, Kristin Laurin and Dale T. Miller
The motivation to feel moral powerfully guides people’s prosocial behavior. We propose that people’s efforts to preserve their moral self-regard conform to a moral threshold model. This model predicts that people are primarily concerned with whether their... View Details
Keywords: Prosocial Behavior; Moral Sensibility; Decision Making; Risk and Uncertainty; Behavior; Perception
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  • 24 Mar 2009
  • First Look

First Look: March 24, 2009

Exploiting micro-level household consumption data, we show that long-run stockholder consumption risk better captures cross-sectional variation in average asset returns than aggregate or non-stockholder consumption risk and provides more plausible economic magnitudes.... View Details
Keywords: Martha Lagace
  • 2021
  • Chapter

Multinationals' Need for State Protection: The Creation of the Swiss Investment Risk Guarantee in the 1960s

By: Sabine Pitteloud
This chapter focuses on the role of Industrie-Holding, the Federation of Swiss Industrial Multinational Companies, in the introduction of an investment risk guarantee during the 1960s. The chapter therefore contributes to a) the growing body of literature on how... View Details
Keywords: Investments; Multinational Companies; Political Risk; Business ＆ Government Relations; Investment; Multinational Firms and Management; Risk and Uncertainty; Business and Government Relations; Switzerland
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  • 11 Feb 2020
  • Sharpening Your Skills

10 Rules Entrepreneurs Need to Know Before Adopting AI

moving target, potential customers are wary of costs and implementation complexities, and use cases, while powerful, are still lacking in many areas. Take advantage of uncertainty All this uncertainty is a... View Details
Keywords: by Rocio Wu
  • 02 Dec 2010
  • What Do You Think?

Making Right Choices: Art or Science?

make your decisions nonreversible; regret less; control expectations; and learn to love constraints in order to cope with uncertainty and avoid depression." Now the genre includes another book, which has made several Top Ten of 2010... View Details
Keywords: by Jim Heskett
  • Web

Organizational Leadership Course | HBS Online

and less averse to having difficult conversations. Juliana Casale Head of Marketing at Crazy Egg Learn to lead at scale and mobilize your employees as you transition your business from a startup into a growth-stage company. "HBS Online... View Details
  • 09 May 2017
  • First Look

New Research and Ideas, May 9

theory of domain-contingent inequality aversion to explain this finding: we argue that workers view salary and equity as two domains and are more inequality averse in the equity domain. Inequality in equity... View Details
Keywords: Sean Silverthorne
  • 09 Sep 2008
  • First Look

First Look: September 9, 2008

of simple quantitative forecasting techniques—share similar consequences: both can result in an increase in internal costs and in the uncertainty and volatility of the system's replenishment orders. Further results of this paper provide... View Details
Keywords: Sean Silverthorne
  • 08 Sep 2010
  • First Look

First Look: September 8, 2010

contract from a fixed menu. Then, agents "choose to work" for a principal by selecting one of the available contracts. We find that i) (heterogeneous) social preferences are significant determinants of choices, ii) for both principals and agents, strategic... View Details
Keywords: Sean Silverthorne
  • Web

Global Entrepreneurship - Course Catalog

in emerging markets must be adept at navigating these diverse funding sources and developing resilient financial strategies to weather the uncertainties inherent in such economies. The fourth module examines differences in legal and... View Details
  • 05 May 2015
  • First Look

First Look: May 5

http://ezp-prod1.hul.harvard.edu/login?url=http://dx.doi.org/10.1509/jm.13.0228 May 2015 Management Science Asymmetric Effects of Favorable and Unfavorable Information on Decision-making Under Ambiguity By: Peysakhovich, Alexander, and Uma R. Karmarkar Abstract—Most... View Details
Keywords: Carmen Nobel
  • 21 Aug 2018
  • First Look

New Research and Ideas, August 21, 2018

tool creates spillovers even to products that are not available for virtual try-on, increases loyalty, helps customers better parse their choice sets, and reduces uncertainty by providing size recommendation. Publisher's link:... View Details
Keywords: Dina Gerdeman
  • 23 Aug 2004
  • Research & Ideas

New Challenges for Long-Term Investors

companies, which in turn are linked to the overall performance of the economy. There is an inherent uncertainty about the future prospects of these companies and the economy which does not go away at any investment horizon. Thus stocks... View Details
Keywords: by Ann Cullen
  • 04 Feb 2014
  • First Look

First Look: February 4

Abstract—This paper considers some of the large changes in the Federal Reserve's approach to monetary policy. It shows that, in some important cases, critics who were successful in arguing that past Fed approaches were responsible for mistakes that caused harm... View Details
Keywords: Sean Silverthlorne