. Entrepreneurs are only found to be unique in their lower degree of loss aversion, and not in their risk or ambiguity aversion. This … also to loss aversion. Overall, we therefore suggest using a broader definition of risk that captures this unique feature …Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is …

their objective probabilities. For realistic values of risk aversion and of chance attitudes, the incentives for households … to share the idiosyncratic risk decrease. The latter effect endogenously amplifies the increase in consumption inequality …

effects of risk aversion on selection into entrepreneurship. …This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more … the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch …

two-period consumption and savings model for a loss-averse agent who measures utilityfrom consumption relative to a …

financial decisionmaking. In this paper we present a simple model based on loss aversion that can accommodatefor all of these …

of individual responses to six lottery questions. Wederive a simultaneous estimate of risk aversion γ and the time … coefficient of -.3. Furthermore we explain γ and ρ by income,age, gender, entrepreneurship and an obesity index. Very significant …

with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These …. (2002, 2005), show that HIV+ agents and participants that perceive to have a high HIV contraction risk are less risk … time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …

mean of the agents' risk coefficients, ratios of utility differences between alternatives, is at most one. Equilibria are …. For symmetric recognition probabilities and risk coefficients below one, agreement is immediate and each agent proposes …

(3), 279-291.<P> We assess whether public sector employees have a stronger inclination to serve others and are more risk averse …