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. …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …

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. …

absorptionand experimentally test the effects of informing none, some, or all playersabout how to derive equilibrium predictions. …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk-sharing, and formal … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …

Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …