3 resultados para Managing Risk: Identifying and Controlling Losses and Assuming Risks from Perils

em Universidad del Rosario, Colombia


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The physical, psychological and sexual violence among the couples of adolescents and young adults that are not married neither cohabiting (well-known generally as “dating violence”), has been object of a vast number of investigations in the last two decades that show a high prevalence inside the adolescent and juvenile population. The objective of this work was to carry out an analysis of the literature in connection with the prevalence, risk factors and difficulties associated with this partner violence type. This analysis allowed to elaborate an outline of the factors that could favor the acts of violence, including the previous experiences of victimization inside and outside the family, the acceptance of the violence toward the couple, and the relationship with pairs that have exercised this form of violence.

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Attitudes toward risk influence the decision to diversify among uncertain options. Yet, because in most situations the options are ambiguous, attitudes toward ambiguity may also play an important role. I conduct a laboratory experiment to investigate the effect of ambiguity on the decision to diversify. I find that diversification is more prevalent and more persistent under ambiguity than under risk. Moreover, excess diversification under ambiguity is driven by participants who stick with a status quo gamble when diversification among gambles is not feasible. This behavioral pattern cannot be accommodated by major theories of choice under ambiguity.

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In November 2008, Colombian authorities dismantled a network of Ponzi schemes, making hundreds of thousands of investors lose tens of millions of dollars throughout the country. Using original data on the geographical incidence of the Ponzi schemes, this paper estimates the impact of their break down on crime. We find that the crash of Ponzi schemes differentially exacerbated crime in affected districts. Confirming the intuition of the standard economic model of crime, this effect is only present in places with relatively weak judicial and law enforcement institutions, and with little access to consumption smoothing mechanisms such as microcredit. In addition, we show that, with the exception of economically-motivated felonies such as robbery, violent crime is not affected by the negative shock.