individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …

Risk aversion (a 2nd order risk preference) is a time-proven concept in economic models of choice under risk. More … recently, the higher order risk preferences of prudence (3rd order) and temperance (4th order) also have been shown to be quite … important. While a majority of the population seems to exhibit both risk aversion and such higher-order risk preferences, a …

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans … (redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model …