American Risk and Insurance Association

Editors

Editor-in-Chief:

Joan T. Schmit University of Wisconsin-Madison

Senior Editors:

Daniel Bauer University of Wisconsin-Madison
Arthur Charpentier Université du Québec à Montréal
Hanming Fang University of Pennsylvania
Christian Gollier Universite de Toulouse
J. Tyler Leverty University of Wisconsin-Madison
Gregory Niehaus University of South Carolina
Justin Sydnor University of Wisconsin-Madison
Sharon Tennyson Cornell University
George Zanjani University of Alabama
Nicolas Ziebarth Cornell University and ZEW Mannheim

Managing Assistant Editor:

Linda Barrett University of Wisconsin-Madison

Editorial Board:

Jean Abraham University of Minnesota
Carole Bernard Grenoble Ecole de Management
Benjamin Collier Temple University
David Crainich IESEG School of Management
Thomas Davidoff University of British Columbia
Sebastian Ebert Heidelberg University
David Eckles University of Georgia
Nadine Gatzert Friedrich-Alexander-University Erlangen-Nürenberg
Daniel Gottlieb London School of Economics and Political Science
Martin F. Grace Temple University
Rachel J. Huang National Central University
Johannes Jaspersen Ludwig-Maximilians-University München
Yijia Lin University of Nebraska-Lincoln
Elisa Luciano University of Torino
Michael Ludkovski University of California, Santa Barbara
Andreas Milidonis University of Cyprus
Thorsten Moenig Temple University
Alexander Mürmann Wirtschafts Universität Wien
Gregory Nini Drexel University
Richard Peter University of Iowa
Julian Reif University of Illinois Urbana-Champaign
Casey Rothschild Wellesley College
Stephen Shore Georgia State University
Amanda Starc Northwestern University
Motohiro Yogo Princeton University