-markets consumption allocation. There is substantial heterogeneity in risk preferences estimated from the full-insurance model, positively …We measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model and … village, full insurance cannot be rejected, suggesting that relatives provide something close to a complete …

Revealed preference theory offers a criterion for decision-making quality: if decisions are high quality then there … related to wealth: a standard deviation increase in consistency is associated with 15-19 percent more household wealth. This …

posteriori optimism. This paper finds that financial optimism has a significant positive effect on risk taking behaviour …. Optimistic investors choose risky portfolios over risk-free portfolios for their investments and have higher personal debt … borrowing. We use more than six million observations from the British Household Panel Survey covering the period 1991 to 2007 in …

This study investigates whether and how the crisis in 2008/2009 affects households' risk attitudes, subjective risk and … return expectations, and planned financial risk taking using the German SAVE study. Households' wealth change from end-2007 … to end-2009 is not found to have an effect. However, households that attribute losses to the crisis decreased their risk …

This paper contributes to the debate on the adequate elicitation of individual risk attitudes in general socio …-economic surveys. A multi-item question on the willingness to take risk, a very short form of the DOSPERT scale (Weber et al., 2002 … derived risk measures. The quality of the collected data appears to be high. All the measures are informative about individual …

pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …

agents are not always equipped to solve optimally. Several econometric estimations on household and aggregate data seem to … comparing group and individual planning under risk and uncertainty. Our study is focussed on investigating how groups perform in … choosing under risk and uncertainty. Results suggest that groups perform better than individuals when planning under risk …

planning horizons. Moreover, this hypothesis is tested in the cases of decision making under certainty, risk and uncertainty …