pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on … the magnitude and sign of the relative risk premium, holding fixed both the probability that a lottery pays off and the … in which all departures from risk-neutral bidding are attributed to an optimal adaptation of bidding behaviour to the …

of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests …

This study explores people’s risk attitudes after having suffered large real-world losses following a natural disaster … finding is consistent with prospect theory predictions of the adoption of a risk-seeking attitude after a loss. -- decision … under risk ; large losses ; natural experiment …

regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

Although risk aversion has been used in economic models for over 275 years, the past few decades have shown how higher … order risk attitudes are also quite important. A behavioral approach to defining such risk attitudes was developed by … lattices can be extended in order to develop a better understanding of higher order risk attitudes. …

We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true …

experiment, reduces evasion, as predicted by our theory. Loss aversion, risk aversion, and their interaction, are critical …