In general, models in finance assume that investors are risk averse. An example of such a recent model is the … and holds (as might be understood from the adjective “economic”) for exclusively risk averse investors. In their paper … risk aversion. The question never asked by the authors (and in most of the finance literature) is: Who is offering these …

We present an empirical framework for determining whether or not customers at the roulette wheel are risk averse or … risk loving. Thus, we present a summary of the Aumann-Serrano (2007) risk index as generalized to allow for the presence of … risk lovers by Schnytzer and Westreich (2010). We show that, for any gamble, whereas riskiness increases for gambles with …