Programme
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Sunday, September 18, 2011 |
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18:30 |
Welcome Reception |
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Monday, September 19, 2011
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08:15 - 9:00 |
Registration and Welcome Coffee |
SR 2
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09:00 - 9:30 |
Welcome Speech |
SR 1
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09:30 - 11:00 |
GENEVA RISK ECONOMICS LECTURE Beyond Risk Aversion: Why, How and What`s Next? Louis Eeckhoudt; Iéseg School of Management, Catholic University of Lille and Facultés Universitaires Catholiques de Mons
Discussant: Harris Schlesinger; University of Alabama
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SR 1
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11:00 - 11:30 |
Coffee Break |
SR 2
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11:30 - 13:00 |
Parallel Sessions I |
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A. HIGHER ORDER ATTITUDES TO RISK
Chair: Harris Schlesinger; University of Alabama |
SR 1
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A1. Decreasing Risk Aversion and Prudence under Ambiguity Aversion
Christian Gollier; Toulouse School of Economics (Joint with Frederic Cherbonnier) Discussant: Daniel Clarke; University of Oxford |
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A2. Three Measures of the Intensity of Temperance David Crainich; Iéseg School of Management, Catholic University of Lille (Joint with Louis Eeckhoudt)
Discussant: Henry Chiu; University of Manchester
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B. EMPIRICAL AND EXPERIMENTAL MEASURES OF RISK AVERSION
Chair: Peter Zweifel; University of Zurich
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SR 4
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B1. Mapping Risk Aversion in Norway Using Hypothetical Income Gambles Fred Schroyen; Norwegian School of Economics (Joint with Karl Ove Aarbu)
Discussant: Peter Zweifel; University of Zurich
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B2. Prudential Saving: Evidence from a Laboratory Experiment
Christoph Heinzel; UMR SMART, Rennes (Joint with Aja Bostian) Discussant: Maximilian Rüger; University of Hamburg |
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13:00 - 14:30 |
Lunch |
Cafeteria
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14:30 - 16:00 |
Parallel Sessions II
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A. BACKGROUND RISKS
Chair: Henry Chiu; University of Manchester
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SR 1
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A1. Risk-Taking-Neutral Background Risks Harris Schlesinger; University of Alabama (Joint with Günter Franke and Richard Stapleton) Discussant: Francesca Barigozzi; University of Bologna |
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Henry Chiu; University of Manchester
Discussant: Georges Dionne; HEC Montréal
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B. CAPITAL MARKET BEHAVIOUR OF INSURERS, BANKS AND PENSION FUNDS Chair: David Cummins; Temple University |
SR 4
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B1. Investment Risk Taking by Institutional Investors Janko Gorter; Dutch Central Bank (Joint with Jacob Bikker) Discussant: Doina Radulescu; ETH Zurich |
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David Cummins; Temple University (Joint with Ran Wei and Xiaoying Xie) Discussant: Janko Gorter; Dutch Central Bank |
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16:00 - 16:30 |
Coffee Break |
SR 2
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16:30 - 18:00 |
Parallel Sessions III
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SR 1
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A. RISK, FINANCIAL MARKETS AND INSURANCE
Chair: Georges Dionne; HEC Montréal
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A1. Financial Bounds for Insurance Claims Steven Vanduffel; Vrije Universiteit Brussel (Joint with Carole Bernard)
Discussant: Larry Tzeng; National Taiwan University
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A2. A Theoretical Extension of the Consumption-Based CAPM Model Georges Dionne; HEC Montréal (Joint with Jingyuan Li) Discussant: Hannah Wesker; University of Erlangen-Nuremberg |
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B. EMPIRICAL ANALYSIS OF ASYMETRIC INFORMATION
Chair: James Garven; Baylor University
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SR 4
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B1. Asymmetric Information in the Automobile Insurance Revisited Martin Spindler; LMU Munich (Joint with Steffen Hagmayer and Joachim Winter) Discussant: Chu-Shui Li; Asia University |
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B2. Adverse Selection in Reinsurance Markets James Garven; Baylor University (Joint with Martin Grace)
Discussant: Muhammed Altuntas; University of Cologne
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18:00 - 18:15 |
Bus transfer to Gala Dinner |
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18:30 |
Welcome Drink |
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19:00 |
Gala Dinner at Restaurant Hansen at "Alte Börse" |
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Tuesday, September 20, 2011
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09:00 - 10:30 |
Parallel Sessions IV
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A. THEORY AND EXPERIMENTAL EVIDENCE ON DOWNSIDE RISK AVERSION
Chair: Arthur Snow; University of Georgia
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SR 1
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A1. Experimental Evidence on Higher Order Risk Preferences with Real Monetary Losses Maximilian Rüger; University of Hamburg (Joint with Johannes Maier) Discussant: Christian Gollier; Toulouse School of Economics |
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A2.
The Schwarzian Derivative as a Ranking of Downside Risk Aversion
Arthur Snow; University of Georgia (Joint with Donald Keenan) Discussant: Jean Pinquet; École Polytechnique and ECONOMIX, University Paris Ouest Nanterre |
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B. EQUILIBRIUM INSURANCE CONTRACTS
Chair: Achim Wambach; University of Cologne
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SR 4
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B1. Insuring Non-Verifiable Losses and the Role of Intermediaries Christian Laux; WU Vienna (Joint with Neil Doherty and Alexander Mürmann) Discussant: Sandrine Spaeter; University of Strasbourg |
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B2. Profitable Contracts in Competitive Insurance Markets with Adverse Selection Wanda Mimra; University of Cologne (Joint with Achim Wambach)
Discussant: Pierre Picard; École Polytechnique
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10:30 - 11:00 |
Coffee Break |
SR 2
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11:00 - 13:00 |
Parallel Sessions V
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A. LONG TERM CARE, MORBIDITY AND MORTALITY RISK
Chair: James Hammitt; Harvard University
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SR 1
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A1. On Insuring and Caring for Parents` Longterm Care Needs Christopher Courbage; The Geneva Association (Joint with Louis Eeckhoudt) Discussant: Montserrat Guillén; University of Barcelona |
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A2. Mortality Risk and its Effect on Shortfall and Risk Management in Life Insurance Hannah Wesker; University of Erlangen-Nuremberg (Joint with Nadine Gatzert)
Discussant: Michael Sherris; University of New South Wales
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A3. Valuing Morbidity Risk: Willingness to Pay per Quality-Adjusted Life Year
James Hammitt; Harvard University (Joint with Kevin Haninger) Discussant: Rachel Huang; National Taiwan University of Science and Technology |
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B. EMPIRICAL INSURANCE MARKETS
Chair: Ray Rees; LMU Munich
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SR 4
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Muhammed Altuntas; University of Cologne (Joint with Thomas Berry-Stölzle and Robert Hoyt) Discussant: David Cummins; Temple University |
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B2. Is Corporate Governance Risk Valued? Evidence from Directors` and Officers` Insurance Martin Boyer; HEC Montréal (Joint with Lea Stern) Discussant: Ray Rees; LMU Munich |
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B3. Corporate Governance and Managerial Incentives: Evidence from the Market for D&O Insurance Doina Radulescu; ETH Zurich (Joint with Peter Egger and Ray Rees)
Discussant: Steven Vanduffel; Vrije Univeristeit Brussel
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13:00 - 14:30 |
Lunch |
Cafeteria
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14:30 - 16:00 |
EGRIE General Assembly
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SR 1
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~ 18:00 |
Bus Transfer from Hotel Regina to Schloss Belvedere |
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18:15 |
Guided Tour through the Museum |
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Bus Transfer from Schloss Belvedere to Heuriger Weinhof Zimmermann (1190 Vienna, Mitterwurzergasse 20) |
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Wednesday, September 21, 2011
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09:00 - 10:30 |
Parallel Sessions VI
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A. RISK FINANCING Chair: Pierre Picard, École Polytechnique |
SR 1
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A1. Reinsurance and Securitisation in Insurance Risk Management Henri Loubergé; University of Geneva (Joint with Pauline Barrieu) Discussant: James Hammitt; Harvard University |
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A2. Optimal Risk Financing in Large Corporations through Insurance Captives Pierre Picard; École Polytechnique (Joint with Jean Pinquet) Discussant: Carole Bernard; University of Waterloo |
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B. EXPERIMENTAL APPROACHES TO AMBIGUITY AND INSURANCE FRAUD Chair: Richard Watt; University of Canterbury |
SR 4
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B1. Insurance Demand under Ambiguity and Conflict for Extreme Risks Théodora Dupont-Courtade; University Paris 1 Panthéon-Sorbonne Discussant: Richard Watt; University of Canterbury |
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B2. The Effect of Contract Type on Insurance Fraud Richard Watt; University of Canterbury (Joint with Ignacio Moreno and Francisco José Vázquez) Discussant: Jörg Schiller; University of Hohenheim |
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10:30 - 11:00 |
Coffee Break |
SR 2
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11:00 - 12:30 |
Parallel Sessions VII
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A. THEORY TOPICS 1 Chair: Johanna Etner; ECONOMIX, Paris Descartes University |
SR 1
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A1. Risk-Sharing with Self-Insurance: The Role of Cooperation Francesca Barigozzi; University of Bologna (Joint with Renaud Bourlès, Dominique Henriet and Giuseppe Pignataro)
Discussant: Wanda Mimra; University of Cologne
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A2. Underestimation of Probabilities Modifications: Characterisation and Economic Implications Meglena Jeleva; ECONOMIX, University Paris Ouest Nanterre and GAINS, University of Le Mans (Joint with Johanna Etner) Discussant: Fred Schoyen; Norwegian School of Economics |
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B. THEORY TOPICS 2
Chair: Christophe Courbage; The Geneva Association
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SR 4
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B1. Limited Liability and Rational Over-Insurance: An Analysis of Dependence Structures Ole von Häfen; University of Hamburg (Joint with Kim Christiansen and Martin Nell) Discussant: Christian Laux; WU Vienna |
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Lan Ju; Peking University - HSBC School of Business (Joint with Zhiyong Tu)
Discussant: Martin Boyer; HEC Montréal
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12:30 |
Business Lunch |
Cafeteria
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** SR 1 - Seminar Room 1: ground floor
** SR 2 - Seminar Room 2: ground floor
** SR 4 - Seminar Room 4: second floor (please use Elevator 1 - Hauptlift)
You are cordially invited to attend various social events around the seminar. Please find further information on the Activities page.
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