are likely to modify students' risk-taking preferences in economically important ways. To test this, we designed a … controlled experiment in which subjects were given an opportunity to choose a risky outcome - a real-stakes gamble with a higher … expected monetary value than the alternative outcome with a certain payoff - and in which the sensitivity of observed risk …

In this paper we study the economic effects of risk attitudes, time preferences, trust and reciprocity while we compare … the two groups mainly in terms of risk attitudes and positive reciprocity. Second generation migrants have a significantly …

This paper questions the perceived wisdom that migrants are more risk-loving than the native population. We employ a … new large German survey of direct individual risk measures to find that first-generation migrants have lower risk …

The paper investigates the role of social norms as a determinant of individual attitudes by analyzing risk proclivity … immigrants’ ethnic persistence and assimilation. The estimated effect of these measures on risk proclivity suggests that … adaptation to the attitudes of the majority population closes the immigrant-native gap in risk proclivity, while stronger …

experiments and survey-based data. In the experiment subjects are shown a network, in which their location is exogenously assigned … these biases. The experiments yield three further findings: (iii) network cognition is affected by the subject's location …, (iv) the accuracy of network cognition varies with the nature of the network, and (v) limitations in network cognition …

withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …

theaters and trades, why they run, what determines the risk, whether to return to the theater or trade when the dust settles …, and how much to pay for assets (or tickets) in light of this risk. These theoretical considerations shed light on the …

increasing, or conversely its willingness to provide term lending is decreasing, in its rollover risk over the term of the loan …

hedger, guided by the traditional minimum-variance criterion, aims at reducing the risk of a non-tradable asset or a … generalized "Greeks," familiar in risk management applications, as well as retaining the intuitive features of their static …