stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset … category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …

exposure to risk. In this paper, we test whether overconfident people underestimate the probability of incurring an avalanche … under different levels of avalanche risk, we measured individual cognitive traits and then used a random effect logit model … overestimate their knowledge are also more likely to take the risk associated with a ski trip exposed to avalanche danger. This …

where we use other athletes' declarations as instruments for individual risk taking. We find that women use risky strategies … risky strategies do not differ between relatively low and relatively high risk situations, whereas male athletes' returns … decrease in the level of risk. Our results show considerable differences between male and female professional athletes which …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard assumptions suffice for precautionary saving to exist under increases in risk of the first and second orders, but not … for higher orders. -- two-earner households ; risk order ; precautionary saving …

This paper analyses the relation between individual migrations and the risk attitudes of other household members when … of risk attitudes among all household members, and that the risk diversification gain to other household members may … induce migrations that would not take place in an individual framework. Using unique data for China on risk attitudes of …

We show that people exposed to greater pension risk are less likely to invest in risky assets. We exploit a reform that …-making funding ratios a fund-specific measure of pension risk. The effect of pension risk is stronger for people who are better …

although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …

) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …

We conduct laboratory experiments to investigate basic predictions of principal-agent theory about the choice of piece … rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task …