In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …

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 …

difficult version. Implications are drawn on when to employ groups rather than individuals in decision making. …

There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking … equating these to risk aversion measures defined in a mean-variance framework. This paper shows that while the legitimacy of … the mean-variance approach may hold under general conditions the additional assumptions invoked when estimating the risk …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …

This paper examines the impact of a commonly experienced adverse cognitive state on decision making under uncertainty …. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision … behavioral results are that sleepy subjects are more likely to make a Bayesian inaccurate decision and more likely to make …

In this paper, we provide an explanation for why risk taking is related to optimism. Using a laboratory experiment, we … decisions. While optimists tend to focus on the good outcomes, pessimists focus on the bad outcomes of risk. The tendency to … focus on good or bad outcomes of risk in turn affects both the self-reported willingness to take risk and actual risktaking …

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

policies that encourage active decision-making. In an experiment designed to study passive behavior, we document three main …