, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual's risk …-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk … incorporating (the level of) absolute wealth in the individual's utility function. …

, we analyze the individual’s risk preferences in relation to gaining or losing rank, rather than the individual’s risk …-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk … incorporating (the level of) absolute wealth in the individual’s utility function. …

stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion … leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and … individual's relative risk aversion decreases when he becomes more relatively deprived as a result of an increase in the average …

Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion … leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and … individual’s relative risk aversion decreases when he becomes more relatively deprived as a result of an increase in the average …

stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …

stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …