We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices …

of our study was to examine whether and how deep parameters such as time and risk preferences affect the intention to …-earthquake control) on the effect of natural disasters on time and risk preferences. We find unambiguous effects towards more risk …

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions - and particularly trust in banks, business and government - has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …

liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the …

their individual risk aversion. They choose between a fundamentalist and a trend-following rule to form expectations about … the price of a risky asset. Given their risk aversion, agents make a deterministic trade-off between mean and variance … both in choosing a forecasting heuristic and determining the number of risky assets to buy. Heterogeneous risk preferences …

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences particularly … analysis of students' field behavior would yield largely misleading conclusions about the relation of risk aversion to these …

We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk …, we provide causal evidence that teaching financial literacy has significant short-term and longer-term effects on risk … subjects more patient, less present-biased, and slightly more risk-averse. Our finding that the intervention changes economic …

Patience and risk-taking – two cultural traits that steer intertemporal decision-making – are fundamental to human … combine PISA tests with the Global Preference Survey. We find that opposing effects of patience (positive) and risk …