comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … portfolios and experimentally validated risk attitudes. The results show that both the ownership probability and the conditional …

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … take risks is negatively related to age and being female, and positively related to height and parental education. We test … the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …

We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the …

-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …

socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive …

This study questions the popular stereotype that women are more risk averse than men in their financial investment …. In our analysis of investment decisions, we directly account for individuals' self-perceived willingness to take …

mass is inversely related to the mixed strategy equilibrium. We show that the critical mass is closely related to the risk … degree of payoff dominance and risk dominance explain players' choices. We finally show that users' adoption behavior induces …