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 …

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 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 …

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 present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …