in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk … neutral entrepreneur and, even more, that the risk averse one. We also show how marginal increases in risk reduce the optimal … capacity of both the risk neutral and the risk averse entrepreneur, without any restriction on the concave utility function and …

neoclassical investment model with time to build. This model also serves as the base for the empirical work, where an error …

. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …

individuals’preferences under risk. …

certain what effects will result from a reduction of pollution. We show that if an agent is sufficiently risk averse … has two possible consequencies which depend on agent risk aversion. Therefore, understanding the implication of … precautionary attitude, leads us to the consideration of the agents' risk aversion characterization and studying the effect of an …

for our modified Investment Game, trustees reward trust more when trust is more efficient but do not adjust rewards when …

, in the presence of risk and uncertainties in the provision of these goods. We use a within subject design that allows for …) risk and uncertainty. Our results show that the location of the risk and uncertainty matters, with subjects moving away … uncertainty on the same good leading to a significant drop in contributions. We find that in the presence of risk and uncertainty …