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 …

We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky … of behavior. Using an average of seven risk elicitation methods reduces measurement noise and yields more predictive … power. A reduced set of risk items yields the same external validity as the average of all seven methods. Hence, our …

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …

individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …