This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey … take risks is negatively related to age and being female, and positively related to height and parental education. We test … the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a representative …

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …

stereotype of risk averse and less competitive older employees. …

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 …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

experiment reproduces this model in the laboratory by means of various treatments in which we alter the variance of the …

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … of inequality are used as treatments. Other determinants of the demand for redistribution, such as risk aversion and … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the …

We study risk-taking behavior in a simple two person tournament in a theoretical model as well as a laboratory … experiment. First, a model is analyzed in which two agents simultaneously decide between a risky and a safe strategy and we allow … for all possible degrees of correlation between the outcomes of the risky strategies. We show that risk-taking behavior …