{"id":"W4411991981","doi":"10.1016/j.frl.2025.107887","title":"Insider risk aversion and trade informativeness: evidence from pre-option-grant selling","year":2025,"lang":"en","type":"article","venue":"Finance research letters","topic":"Market Dynamics and Volatility","field":"Economics, Econometrics and Finance","cited_by":1,"is_retracted":false,"has_abstract":false,"ca_institutions":"Concordia University","funders":"","keywords":"Insider trading; Risk aversion (psychology); Economics; Insider; Monetary economics; Business; Financial economics; Finance; Expected utility hypothesis; Political science","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.003886746,0.0003457445,0.0006938851,0.000747319,0.0006242224,0.002684462,0.0007220553,0.001271874,0.0129582],"category_scores_gemma":[0.02912382,0.0004689966,0.0004325781,0.0007199384,0.001418753,0.002421611,0.0007318147,0.002325064,0.0009717992],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0002959605,"about_ca_system_score_gemma":0.0002483283,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.001128438,"about_ca_topic_score_gemma":0.001049154,"domain_scores_codex":[0.9993514,0.0001928009,0.00004571185,0.0001093559,0.0002039802,0.00009664508],"domain_scores_gemma":[0.9337211,0.04877703,0.01030725,0.00462805,0.0009516993,0.001614913],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.01724075,0.009641603,0.7658759,0.0004161436,0.001100167,0.002574514,0.004293069,0.008711405,0.01717342,0.03809863,0.003310755,0.1315635],"study_design_scores_gemma":[0.0005239669,0.002167766,0.9202763,0.00008662369,0.0004604458,0.001382673,0.001931113,0.00902696,0.005134976,0.05574973,0.003150431,0.0001088952],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.993201,0.0002708845,0.0005027329,0.0002238522,0.000008138263,0.000007911123,0.00009215008,0.00001392805,0.005679457],"genre_scores_gemma":[0.9984938,0.0001940749,0.0001621493,0.00004995909,0.00002518758,0.000002466379,0.000127796,0.0000070812,0.0009374297],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.0129582,"threshold_uncertainty_score":0.0433495,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.05638677340720915,"score_gpt":0.2974705609957117,"score_spread":0.2410837875885025,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}