This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …

economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in …

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … take risks is negatively related to age and being female, and positively related to height and parental education. We test … the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …

stereotype of risk averse and less competitive older employees. …

There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking … equating these to risk aversion measures defined in a mean-variance framework. This paper shows that while the legitimacy of … the mean-variance approach may hold under general conditions the additional assumptions invoked when estimating the risk …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …