correlation between pessimism (respectively doubt) and risk tolerance. Under reasonable assumptions, beliefs exhibit a pessimistic … bias and, as a consequence, the risk premium is higher than in a standard setting. …

show that the term structure of psychological rates depends strongly on gender, but appears not to be linked with life … expectancy. We also question the cross-relationship between risk aversion and time preference. From a theoretical point of view … seems to be directly influenced by the risk attitude. …

We consider a formal approach to comparative risk aversion and apply it to intertemporal choice models. This makes it …), Selden (1978), Epstein and Zin (1989) or Quiggin (1982) are well ordered in terms of risk aversion. Moreover, opting for a … model free approach, we establish new general results on the impact of risk aversion on saving behaviors. In particular, we …

the risk that can be diversified. Not surprisingly, simple examples show that this approach is typically inconsistent for … risk adverse agents. We show that it can nevertheless be recovered asymptotically when the number of sold claims goes to … infinity and the absolute risk aversion of the agent goes to zero simultaneously. This follows from a general convergence …

gender performance gap. After controlling for business and entrepreneur characteristics, female-owned businesses exhibit a …-employment raises the gap by 5 percentage points. We then investigate the role of sharing norms and gender-differentiated allocation of … time within the household in the gender performance gap, by estimating their effect on the technical inefficiency of female …

highlight a definite gender pattern, with a strong association between early disadvantage and obesity in women, but not in men …