This assignment talks about Households and risk management. Also, touches upon deep and wide-ranging disaggregation. So, remember to structure the essay appropriately and provide a clear argument.
Households and risk management-deep and wide-ranging disaggregation
Assignment information (e.g., background info, assignment question, further advice):
Background information
Households and risk management – Households live the paradox of being expected to adopt a positive attitude towards risk while at the same time behaving financially responsibly. They expected to actively manage their assets (for example houses and equity investments) and liabilities (for example personal loans and mortgages) and optimize their portfolio by diversifying
Assignment question
Deep and wide-ranging disaggregation [deregulation] has left households with the responsibility for making important and technically complex micro financial decisions involving risk. Such as detailed asset allocation and estimates of the optimal level of life- cycle saving for retirement– decisions that they had not had to make in the past, not trained to make in the present, and are unlikely to execute efficiently in the future […] (Merton, 2000, p.4)
Critically assess this claim. Elaborate on this point while taking into consideration different theoretical approaches on rationality under risk, weak uncertainty, and strong uncertainty.
Households and risk management-deep and wide-ranging disaggregation
Further advice
Remember to structure the essay appropriately and provide a clear argument.
Tutorial details (e.g., time, room, preparation needed):
The material is covered in the second seminar. Time and place for the seminar are available in individual timetables. Attendance of seminars is compulsory—and very helpful for writing the essay. Do prepare for seminars by read the suggested readings and relevant lecture slides in advance. You can ask any questions about the essay during the seminar.
Detailed Instructions
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