We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural … disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that … individuals who recently suffered a flood or earthquake exhibit more risk aversion than individuals living in otherwise like …

This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …