We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA … their risk aversion parameter invest less in risky assets than wealthy investors with identical risk aversion uncertainty. …

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-tax returns by far exceeding the returns to other financial assets such as risk free savingaccounts or stocks and bonds. It … that they can allocate to their own choice. Moreover, unless liquidfinancial wealth is too small, each household should …

This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in … Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity … firms earn lower profits. Overall, the results suggest that being aware and dealing cautiously with risk leads to higher …

Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this … topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a … reflection effect not only for second order risk preferences, as in Kahneman and Tversky 1979, but also for higher order risk …

This paper applies the dichotomous theory of choice by Zou (2000a) tothe analysis of investmentstrategies and security …

that theory predicts an inversion when consumers are either risk or loss averse. In those cases, an increase in price …Do the choices of consumers who search for a product's best price exhibit risk neutral, risk averse or loss averse risk … pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current …

creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation …, incomplete information, and risk aversion. The model predicts that an agent's risk aversion is correlated with her network …

Dominance and further toDecreasing Absolute and Increasing Relative Risk Aversion Stochastic Dominance. The efficient sets …