axiomatic model of risk-averse preferences, where decision makers are assumed to possess an expected utility function and the … proposed by Markowitz (1952), is very intuitive and reduces the portfolio choice to a set of two criteria, reward and risk …, with possible tradeoff analysis. Usually the reward-risk model is not consistent with the first approach, even when the …

This work gives a brief overview of the portfolio selection problem following the mean-risk approach first proposed by … Markowitz (1952). We consider various risk measures, i.e. variance, value-at-risk and expected-shortfall and we study the … that returns are normally distributed, the efficient frontiers obtained by taking value-at-risk or expected-shortfall are …

laboratory experiment in which the choice of the job charac- teristics (i.e., the mission) is part of the compensation package …

We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity …. This effect is specific to individuals who have a criminal identity, because an additional placebo experiment shows that …

-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …

renegotiation changes how trading parties evaluate ex post outcomes. Interestingly, the availability of these additional options …

compatible mechanism is used. Their confidence in own knowledge does not depend on their attitude towards risk/ambiguity. …

. Furthermore, individual entry behavior is not significantly linked to risk preferences. We discuss several concepts that might …