Risk aversion is a fundamental trait shaping how individuals, firms and policymakers respond to uncertain outcomes. It encapsulates the preference for certain outcomes over gambles with equivalent ...

We price equity-linked life insurance with surrender guarantees and account for risk preferences in the form of risk-averse and loss-averse policyholders in continuous time. Risk-averse policyholders ...

Risk-averse investors prioritize investments with lower potential returns and lower potential for losses. They are typically more comfortable with slow and steady growth, seeking to minimize the ...

The European Commission’s start-up and scale-up strategy introduces several positive but long-overdue initiatives, including a plan to simplify the task of creating new companies across the EU, known ...

Northern Trust has delivered a roughly 30% return since my opening piece last year, better than both the wider bank space and the S&P 500. Fee margin pressure remains a longstanding issue, but ...