exchange rate risk, while the literature mostly studies non-mixed lotteries. We therefore explore investors' behavior in a … risk-seeking in the loss domain, and that the behavior is mostly risk-neutral. …

risk, such as expected utility theory and prospect theory. Hence, to explain the evidence suggesting that agents are … label affective or perceived risk - are endogenized. Affective decision making (ADM) is a strategic model of choice under … risk where we posit two cognitive processes - the rational and the emotional process. The two processes interact in a …

. The salient constraint to farmer investment is uninsured risk: when provided with insurance against the primary … catastrophic risk they face, farmers are able to find resources to increase expenditure on their farms. Demand for insurance in … presence of important basis risk associated with the index insurance, and with imperfect trust that promised payouts will be …

with heterogeneous risk and time preferences. The RDEU model provides an explicit linkage between preference and choice …