Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

choices being observed, compared to anonymity of choices, on risk taking in a laboratory experiment. I relate participants …' investments in a risky asset directly to social norms for risk taking that are elicited in an incentivized procedure. I find that … risk taking is not affected by the choice being observed by a matched participant. Nor do investments follow elicited norms …

landscape. Uncertainty and perceptions are influential drivers when it comes to migration decisions, and yet, the literature … simultaneously associated with uncertainty perceptions. We leverage the British referendum of 2016 to leave the European Union as a … unique natural experiment to demonstrate how collective uncertainty, induced by national government policy, affects the …

many core economies. Focusing on the four largest euro-area countries, this paper investigates the role of uncertainty for … investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … uncertainty, and two indicators taking up the concept of (econometric) unpredictability. Although all uncertainty measures show …

optimal timing policies of a risk-neutral and uncertainty averse investor in the case where the exercise payoff is monotonic …We investigate within a continuous time setting how Knightian uncertainty characterized by k-ignorance affects the …. We prove that increased Knightian uncertainty unambiguously decreases the value of the optimal timing policy of an …

-up rate. On controlling for risk and selfishness, results suggest that highly risk-averse borrowers mostly stay away from any … that JL is either desirable by those who are selfish yet patient enough to reap the long run benefits of JL loan through … its dynamic incentives that reduces the risk of repayment, or by those who are impatient but are less selfish. The results …

specific characteristics in particular "risk attitudes" and "locus of control" have strong effects on entry and survival. With … parental selfemployment. -- Entrepreneurship ; Personality ; Big Five ; Risk Aversion ; Locus of Control …