We present a preference foundation for Chance Theory (CT), a model of decision making under uncertainty where the …

This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in …

Many conventional economic analyses assume that risk preference is taken as given and do not give much scrutiny on it …. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine … risk preference. This study tried to see if these potential determinants together affect risk aversion in Indonesia using …