The 9th International Microinsurance Conference was hosted by the Munich Re Foundation and the Microinsurance Network, with the support of the Indonesian Financial Services Authority (OJK), the Indonesian Insurance Council (DAI), Deutsche Gesellschaft für International Zusammenarbeit (GIZ) on behalf of the German Federal Ministry for Economic Development and Cooperation (BMZ), the Georgia State University’s Center… more »
Motivation: There is a popular belief that the recent financial crisis was caused by corporate decision-makers whose incentive schemes were such that taking risky actions benefited them personally and harmed their organizations and the economy. Is this really the case? This workshop brings together a group of academics who have conducted significant research on the relation between incentives and risk taking. The papers on the program present theoretical, empirical, and physiological approaches on the incentives – risk taking association. The objective is that the paper presentations and the ensuing discussions will provide better insights into how incentives affect the actions of agents.