This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …

We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and … incomplete markets model. Moreover, age-varying risk implies a linear increase in consumption inequality late in working life. …

increases in risk taking. Where we can separately identify changes in risk-independent performance and risk taking, our … increases in risk taking. These effects are concentrated among those closest to the margin of elimination and among lower …

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 …

controlling for differential risk attitudes. Our empirical investigation is based on a dataset drawn from the 1989-2006 Bank 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 …

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