2019 Risk Theory Society Seminar

Date: April 5-7, 2019
Location: Embassy Suites by Hilton – Tuscaloosa Downtown

General Information

The Risk Theory Society, originally founded in August 1963 as the Risk Theory Seminar, is a self-administered organization within the American Risk and Insurance Association (ARIA) whose purpose is to foster research into topics in risk theory and risk management. The Society accomplishes its mission by hosting an annual meeting where papers that have been distributed to members in advance of the meeting are presented and critically discussed in an extended time format. RTS has financial resources to provide assistance to authors who present papers. Please contact the treasurer for more information.


Registration is only open to current RTS members, invited presenters, and UA affiliated faculty and UA Ph.D. students; no exceptions for this limited event. Registration can be completed below.

Download the Registration Form

Conference Hotel

The conference hotel is the Embassy Suites by Hilton – Tuscaloosa Downtown, 2410 University Blvd, Tuscaloosa, AL 35401. The group rate is $154/night. Visit the group page to make a reservation online or call 205-561-2500 and mention the Risk Theory Seminar.

Travel Information

The closest airport to Tuscaloosa is in Birmingham, AL (BHM). From BHM to the conference hotel is 63 miles and normally takes less than one hour. Taxi or Uber/Lyft are relatively scarce and expensive (around $120 each way), but we are providing complimentary shuttle service on Friday and Sunday for anyone who would like to use it. Please provide your flight information on the registration form so we can plan for an adequate supply of shuttle vans.


Friday, April 5, 2019
Embassy Suites by Hilton – Tuscaloosa Downtown, 2410 University Blvd, Tuscaloosa, AL 35401
5:00-6:00 p.m.  Cocktail Reception 
6:00-7:15 pm

 Insurance in the Age of Wisdom and Foolishness: A Tale of Healthy City

  • Martin Boyer, Université de Montréal
  • Richard Peter, University of Iowa
7:15-8:30 pm  Financial Literacy and Precautionary Insurance

  • Annette Hofmann, St John’s University
  • Christian Kubitza, International Center for Insurance Regulation
  • Petra Steinorth, Universität Hamburg
Saturday, April 6, 2019
Embassy Suites by Hilton – Tuscaloosa Downtown, 2410 University Blvd, Tuscaloosa, AL 35401
7:30-8:00 am  Breakfast
8:00-9:15 am  Competition, Asymmetric Information, and the Annuity Puzzle: Evidence from a Government-run
Exchange Chile

  • Gaston Illanes, Northwestern University
  • Manisha Padi, University of Chicago
9:15-9:30 am  Optimal Endowment Investing

  • Alexander Mürmann, WU Vienna
  • Kent Smetters, University of Pennsylvania
9:30-10:45 am  Coffee Break
10:45-12:00 pm  Time Lotteries and Stochastic Impatience

  • Patrick DeJarnette, National Taiwan University
  • David Dillenberger, University of Pennsylvania
  • Daniel Gottlieb, Washington University in St. Louis
  • Pietro Ortoleva, Princeton University
12:00-1:15 pm  Lunch (on your own)
1:15-2:30 pm  Systematic Risk between Insurers and Banks: A Generalized Event Study (GES) Approach

  • Richard Butler, Brigham Young University
  • Craig Merrill, Brigham Young University
  • Gene Lai, University of North Carolina, Charlotte
2:30-3:45 pm  Should We Do More When We Know Less? Optimal Risk Reduction Under Technological

  • Lu Li, Ludwig-Maximilians-Universitaet Munich
  • Richard Peter, University of Iowa
3:45-4:00 pm  Coffee Break
4:00-5:15 pm  Marijuana De-regulation and Automobile Accidents: Evidence from Auto Insurance

  • Cameron Ellis, Temple University
  • Martin Grace, Temple University
  • Rhet Smith, University of Arkansas Little Rock
  • Juan Zhang, Temple University
5:15-6:00 pm  Annual Business Meeting
7:00-10:00 pm  Dinner at Chuck’s, 508 Greensboro Ave., Tuscaloosa, AL
Sunday, May 7, 2019
Embassy Suites by Hilton – Tuscaloosa Downtown, 2410 University Blvd, Tuscaloosa, AL 35401
8:00-8:30 am  Breakfast
8:30-9:45 am  An Integrated Approach to Measuring Assets and Liability Risks in Financial Institutions 

  • Daniel Bauer, University of Wisconsin-Madison
  • George Zanjani, University of Alabama
9:45-10:00 am  Coffee Break
10:00-11:15 am  Medicaid Expansion Crowd-Out, and Emergency Department Utilization: Evidence from
California’s Bridge to Reform Medicaid

  • Cameron Ellis, Temple University
  • Meghan Esson, University of Georgia
11:15 am  Adjourn


Lars Powell
Director, Alabama Center for Insurance Information and Research
Culverhouse College of Business
The University of Alabama