Publications

February 1984 (Revised March 1990)
Background Note

Risk Adjusted Discount Rates

By: David E. Bell

Keywords: Asset Pricing; Risk and Uncertainty

01 Jun 2002
News

Up to the Challenge: Profiles from the Class of 2002

sky-high expectations at the turn of the millennium has been replaced by a climate of uncertainty marked by color-coded terrorism alerts, horrific Middle East violence, and the precipitous downfall of a seemingly indomitable corporate... View Details

May 2009
Article

Private Risk is the Public's Business

By: David Moss

Keywords: Risk and Uncertainty; Society

July 9, 2009
Editorial

Systemic Risk and the Fed

By: Robert C. Pozen

Keywords: Risk and Uncertainty; System

fall 2002
Article

Distortion and Risk in Optimal Incentive Contracts

By: George P. Baker

Keywords: Risk and Uncertainty; Motivation and Incentives; Contracts

2013
Case

Travelers Insurance: Focusing on Climate Change and Natural Catastrophe Risk

By: Andrew J. Hoffman

The dilemma Evan Blue faces stems from a report by sustainability advocacy group Ceres that calls on companies to take climate change into consideration in their risk models and develop response strategies. The fictional vice president of Traveler's Insurance is tasked... View Details

Keywords: Climate Change; Business Strategy; Risk and Uncertainty; Insurance Industry

Purchase

April 2023
Article

The Subjective Expected Utility Approach and a Framework for Defining Project Risk in Terms of Novelty and Feasibility—A Response to Franzoni and Stephan (2023), ‘Uncertainty and Risk-Taking in Science’

By: Jacqueline N. Lane

In their Discussion Paper, Franzoni and Stephan (F&S, 2023) discuss the shortcomings of existing peer review models in shaping the funding of risky science. Their discussion offers a conceptual framework for incorporating risk into peer review models of research... View Details

Keywords: Risk and Uncertainty; Research; Resource Allocation; Perception

Article

Agile Product Development: Managing Development Flexibility in Uncertain Environments

By: S. Thomke and D. Reinersten

Keywords: Research and Development; Product; Management; Risk and Uncertainty

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

September 2012
Teaching Note

Kaesong Industrial Complex (A) and (B) (TN)

By: Eric Werker and Dante Roscini

Keywords: Foreign Investment; Country Risk; Bilateral Trade; Special Economic Zones; Risk and Uncertainty; Trade; Foreign Direct Investment

Purchase

January 2005 (Revised March 2005)
Case

WorldCom, Inc.: Two Views

By: David F. Hawkins

Financial analysis is one way to detect WorldCom's fraudulent accounting. This case presents two perspectives of WorldCom: the company as viewed by security analysts and the inside view of the accounting fraud. Also looks at the company's acquisition accounting to... View Details

Keywords: Risk and Uncertainty; Risk Management; Crime and Corruption; Accounting

Educators

Purchase

April 2003
Article

2002 10-Ks: Equity Financial Risk Focus

By: David F. Hawkins

Keywords: Reports; Equity; Finance; Risk and Uncertainty

January 1982
Article

The Returns and Risk of Alternative Put Option Portfolio Investment Strategies

By: Robert C. Merton, Myron S. Scholes and Matthew L. Gladstein

Keywords: Risk and Uncertainty; Investment; Strategy

Web

Vinalhaven: The Downtown Project | Information Technology

the town faced other potentially serious challenges including new regulations that could negatively impact the lobstering industry, which was the major source of income for most island residents. With uncertainty coming from multiple... View Details

07 Apr 2014
Research & Ideas

Negotiation and All That Jazz

agile, quick on their feet from moment to moment. That's not the same thing as winging it. Preparing For Uncertainty "Preparation is essential," he says. "You want to learn as much as you reasonably can before getting to the bargaining... View Details

Keywords: by Michael Blanding

22 Sep 2020
Working Paper Summaries

Older People Are Less Pessimistic about the Health Risks of COVID-19

Keywords: by Pedro Bordalo, Katherine B. Coffman, Nicola Gennaioli, and Andrei Shleifer

October 1977 (Revised April 1998)
Case

Japan (D1): A Strategy for Economic Growth

By: Bruce R. Scott and Audrey T. Sproat

Data on Japan's unparalleled economic growth in the post-war era: How was it achieved and what future risks might be foreseen in 1971? View Details

Keywords: Economic Growth; Growth and Development Strategy; Risk and Uncertainty; Japan

2024
Working Paper

The Rise of Alternatives

By: Juliane Begenau, Pauline Liang and Emil Siriwardane

Since the 2000s, U.S. public pensions have shifted their risky investments towards alternative assets like private equity and hedge funds, some more aggressively than others. We explore several explanations for these cross-sectional trends, focusing on those implied by... View Details

Keywords: Investment Funds; Investment Return; Risk and Uncertainty

Article

Policies to Influence Perceptions about COVID-19 Risk: The Case of Maps

By: Claudia Engel, Jonathan Rodden and Marco Tabellini

Choropleth disease maps have become an important tool for informing the public about the risks posed by COVID-19. In a survey conducted in the U.S. state of Georgia in June 2020, we randomly assigned respondents to view either of two maps. The first one reported... View Details

Keywords: Disease Surveillance; Health Pandemics; Risk and Uncertainty; Perception; Policy