This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …

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 …

Gender differences are often observed in real life-situations. We implement an experiment on the investment game which …

We present an experimental test of a shirking model where monitoring intensity is endogenous and effort a continuous … maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …

Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …

listed shares. Our analysis concerns the risk which arises from the Markowitz mean-variance approach. Our work method will be … implemented as following: first of all, we will test the normality and the stationarity of 31 shares which have composed our … methods of measurement of return, risk and the other statistical properties constitute, in fact, the pillars of companies …

-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs …’ demand, while an increase in expected energy price will surely cause the risk averse firm to decrease the demand for energy … risk averse firm to decrease the demands for the non-risky inputs. Furthermore, we investigate the two cases with only …