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 …

be risk averse, (ii) the bidders can have heterogeneous risk preferences, and (iii) the auction can have a binding … reserve price. Our analysis reveals that the premium has an intricate joint effect on risk sharing and expected revenue, which … in general benefits risk averse bidders. When the seller is more risk averse than the pivotal bidder - a condition often …

outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …

differences in confidence concerning future relative income position, risk aversion, and social preferences. We use data from lab … differences in risk aversion and social preferences playing a minor role. …

stress, which has been hypothesised to induce individuals to take less risk. To examine this, we study whether PM increases … demonstrate that air pollution causes individuals to take less risk. …

in reunified Germany. This is observed for both genders and all offence types. We highlight risk attitude as an important … this preference for risk was then strongly transmitted to their children which may in turn explain their high criminal …

We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the … increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is … necessary to sustain a funded pension pillar and to let participants benefit from intergenerational risk sharing. …