initiation of risky behavior by adolescent friends exhibit significant interaction effects. The likelihood that one friend …

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the … as men. Psychological variables account for some of the interpersonal variation in risk aversion. They explain none of …

hypothesis that males are more risk taking than females, and its implications for rates of promotion and abilities of survivors … of success. In both types of hierarchies, the surviving risk takers will have lower average ability whenever they have a … higher survival rate. Further, even if more risk takers than non risk takers are promoted in the beginning of the hierarchy …

rates and risk aversion by measuring how laboratory subjects' choices change when an aspect of social identity is made … identity salient to black subjects, non-immigrant blacks (but not immigrant blacks) make more patient choices. Making gender … identity salient has no effect on intertemporal or risk choices …

We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial …

aggregate risk. We propose a theory to explain these risk exposures. We study a financial accelerator model where entrepreneurs … inefficiently high risk exposure for entrepreneurs …

In this paper we: (i) provide a model of the endogenous risk intolerance and severe aggregate demand contractions … addressing these contractions. The key mechanism stems from heterogeneous risk tolerance: as a recessionary shock hits the … economy and brings down asset prices, risk-tolerant agents' wealth share declines and their leverage rises endogenously. This …

that consumption commitments can cause risk-neutral consumers to care about risk, creating incentives to both insure risks … and bunch uninsured risks together. For example, workers may prefer to avoid wage risk while bearing an unemployment risk …

Investor confidence and risk tolerance are important concepts that investors are constantly trying to gauge. Yet these … risky assets. We model global capital markets as the interaction between large global institutional investors and smaller … changes in demand and fundamentals perceived by all investors, and a second that reflects changes in the relative risk …

corporate risk-taking decisions. Higher taxes reduce expected profits more for risky projects than for safe ones, as the … government shares in a firm's upside but not in its downside. Consistent with this prediction, we find that risk taking is … sensitive to taxes, albeit asymmetrically: the average firm reduces risk in response to a tax increase (primarily by changing …