risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk. …

their work by first recommending an existing stochastic dominance test to handle the issue and thereafter developing a new … test for the ASD which could detect dominance for any pre-determined small value. We also provide two approaches to obtain … the critical values for our proposed test. …

criteria, adapted to investment circumstances: alternative investments, return forecasts, and risk attitude. We explain the …The majority of risk adjusted performance measures (RAPM) currently in use – e.g., Treynor ratio, (?/?)) ratio, Omega … of structured products, and explanation of the credit risk premium puzzle. …

are obtained by maximizing a certain equivalent excess return (CER) under relevant investment conditions. They are … investment choice. That is not the case for many other popular preference criteria (e.g., Omega index, Sortino ratio, expected …

Risk exposure can be efficiently optimized in practical situations, using a new apporach to identification of investor …'s risk aversion. …

We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … five “rational” markets and most overconfident subjects formed five “overconfident” markets. The asset market experiment … was followed by post hoc risk aversion measurement. Our results revealed that in the suggested setting, performance and …

We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a … utility function. We then fit the experimental choices to this model to assess the risk attitude of our subjects. Despite the … substantial heterogeneity across subjects, decreasing absolute risk aversion and increasing relative risk aversion are the most …