category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from … 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 …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …

We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a … this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

Depression affects the way that people process information and make decisions, including those involving risk and … uncertainty. Our objective is to analyze the way that depressive episodes shape risk preferences and risk-taking behaviors. We are … the first to address this issue using large-scale, representative panel data that include both behavioral and stated risk …

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology … additional reluctance to participate in a mixed domain lottery beyond that predicted by risk aversion. We show that only …

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 … risk attitudes within the household affects whether a migration takes place and who will emigrate. …

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 …

Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of …

. Participants lose any cash placed on a wrong answer. We find evidence of risk reduction after people suffer a loss in the previous … personal traits. The findings support a prospect theory-based model with a coefficient of loss aversion that is increasing in …

investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less …We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the … demonstrate that risk affinity is associated with more training, implying that, on average, investment risks dominate the …