illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to … investment. Also, offering adefault portfolio strongly determines final allocations. …

In this paper we relate individual risk attitude as elicited by binary lotteriesand certainty equivalents to market … equivalents are poorly correlated. Only lottery choices are relatedto market behavior: the higher the degree of risk aversion the … lower theobserved market activity. Females are more risk averse than males accordingto binary lotteries, submit fewer offers …

We examine in an experiment the causes, consequences and possible cures ofmyopic loss aversion (MLA) for investment … behaviour under risk. We find thatboth, investment horizons and feedback frequency contribute almost equally tothe effects of … MLA. Longer investment horizons and less frequent feedbacklead to higher investments. However, when given the choice …

measured by the adjustments of personal parametersuntil accepting the investment decision suggested by theory.Additionally, a …

measure,(3)calculates relative risk aversion. The results of the experiment indicate that as theprobability of loss and loss …The study investigates protective responses in low probability and high loss risk situations.Particularly, it (1 … women) are found to be risk aversefor low probabilities. …

examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of … clear evidence of risk aversion, and of a negative relationship between the latter and willingness to cooperate. …