The perception of risk affects how people behave during crises. We conduct a series of experiments to explore how … people form COVID-19 mortality risk beliefs and the implications for prosocial behavior. We first document that people … overestimate their own risk and that of young people, while underestimating the risk old people face. We show that the availability …

This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of … Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology … additional reluctance to participate in a mixed domain lottery beyond that predicted by risk aversion. We show that only …