inequality. This paper presents an experiment which disentangles concerns for risk and inequality in a social risk context … individual perspective, but also from a societal one. Many increases in social risk involve a simultaneous increase in risk and … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and …

economic literature. In this paper we explore whether individual decision making under risk is affected by the cost of the …

firms' risk attitudes and the fact that future market prof-its are uncertain so that winning an auction is like winning a … lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk … attitude effect. Firms that are less risk aversetend to set higher prices (or higher quantities in case quantity is the …

individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions …We combine a survey and an experiment with real pay-out among Peking University students to measure and validate … ask for the reservation price of a hypothetical lottery and self-assessment of risk attitude on a 0-10 scale. We confirm …

of an organization. We argue that to further our understanding it should be understood in terms of human cognition of a …

forecasts over a specific region of interest, such as the left tail in financial risk management. By construction, existing …

-free and are relevant to many fields encountering catastrophic risk analysis, such as, perhaps most noticeably, insurance and … risk management. …

risk management. Ourapproach is Bayesianwhere extensive use is made of Markov chain Monte Carlo methods. The effects …